33 Quotes by Yingxi Yu

We believe that the fund interest in silver is built upon a much narrower base of investors than gold, leaving it more vulnerable to big price moves in either direction.

There is no market-specific impetus for fresh long positions to be established at present. Sentiment has been weakened by weakness across commodities over the past few days and the dollar is holding up well.

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.

Given the way the market has been trading over the past few days, we are very likely to see prices testing another 25-year high again this week.

Gold is probably going to remain in a range-bound trade today and should find good support above $565 against an environment of high oil prices.

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

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.