- Gold is off to a relatively sluggish start to the new year, recording its worst early January performance in six years despite political and economic uncertainty that tends to boost safe-haven demand.
- ActivTrades chief analyst Carlo Alberto De Casa says the dollar’s strength is pressuring gold: "Gold is still in a lateral range... unable to move above $1,300 or fall below $1,276."
- But gold bulls should not despair, says Saxo Bank head of commodity strategy Ole Hansen, as plenty of time remains for prices to break through resistance at $1,300/oz. and score another strong January.
- ETFs: GLD, IAU, PHYS, SGOL, UGLD, UGL, DGP, GLL, GLDI, OUNZ, DZZ, DGL, DGLD, DGZ, GYEN, BAR, GEUR, GLDW, GHS, UBG, QGLDX, GHE, AAAU, GLDM, IAUF