Yingxi Yu Continue Quotations

Whether or not the rally can continue hinges critically on how long investors decide to stay in the market.

Short term price trends will continue to largely depend on gold.

Overall we continue to see upside potential in this market.

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.

After yesterday's weakness there could be some consolidation in the near term, but overall we continue to see upside potential in this market.