Yingxi Yu Buying Quotations

A lot of investors are just buying because the price is going up, then trying to find reasons to explain it.

Price dynamics in gold next year will continue to be largely determined by speculative interest, backed by a myriad of justifications like inflationary risks, energy-price led economic slowdown, expectations of a US dollar correction, soaring physical demand, supply-side constraints, hopes of large scale central bank buying and so on.

Prices are being driven up by hedge funds, which are buying platinum because its fundamentals are looking good. Platinum has been in deficit for the past six years, and it's expected it will be in deficit this year.

I think the current environment is very supportive for gold. There is still a considerable amount of fund buying interests on price dips.