Having hit a five-week high of $1161 on Jan 15th, the price of gold has pulled back circa 2.5% as we remain stuck in the $1100 to $1200 trading range. The recent relative strength of the dollar has not helped a gold recovery, however the price does appear to be underpinned by buying from gold jewellers in India.
Gold & Silver
- US markets are closed today due to the Martin Luther King Day holidays
- On Thursday China is expected to report a 20% year on year jump in industrial output for December.