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Gold gains in Asia by the end it is bearish trend
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Loading...Gold started the week trading higher after sell-off on Wall Street on Friday, supported by growing expectations that the Fed will be cautious in raising interest rates this year.
During the week, investors will be focused on economic reports from China, with the focus of the report on GDP for the fourth quarter.
Gold for February delivery on the Comex reported an increase by 0.39 percent to $ 1,093.23 an ounce
Silver futures for March delivery, gained 0.24 percent to $ 13.935 an ounce.
Copper for March delivery jumped 0.80% to $ 1.962 per pound.
The continuing weakness in the world's top economy raised doubts about whether the Fed will raise interest rates again in March, this portend better days for non-remunerated assets like gold.
Hedge Funds and money managers suddenly changed tactics and gambled for the first time in two months to increase gold also rose and the bullish bet on silver.
E.Dimitrov JrTrader
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