LONDON, 10 February 2016 - Comment from BullionVault today features in a report on gold's strongest start to a year since 1980 from leading financial news and data providers Bloomberg.
With importers in China now on holiday for the country's peak consumer gold-buying spree of Lunar New Year, "The world's best-performing commodity this year may be about to lose its monkey magic," says Bloomberg, referring to the Chinese zodiac's symbol for 2016 and quoting bank analysts who warn that Asian demand is needed to buoy prices.
Looking at Western investment sentiment, however, and after four years of losses, "it seems the bottom [in gold] has come in just at the moment when central bankers have again run into a wall," the news-wire goes on, quoting Adrian Ash, head of research at BullionVault, in London.
"It's clear that the [US central bank] won't be able to raise rates this year, and investors are taking another hard look at gold.
"This rally could get very interesting."
Read Adrian's comments in the full story at Bloomberg here:
Gold's Monkey Magic Seen Fading After Biggest Advance Since 1980
