Gold price remained firm last week, recording a gain of +1.87% although China’s market was closed for Lunar New Year holidays. Price in term of Indian Rupee gained only +1.33%, suggested buying interest (through legal channels) remained to be tamed by trade restrictions. Without buoyant physical buying, the yellow metal was supported investment demands. Speculative positioning in Comex gold has risen for 6 consecutive weeks.
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Weekly Fundamentals – Gold Remains Firm despite Lackluster Physical Demand
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