The Gold Rally May Have More Room to Run
- Metal tends to rise January and February before Lunar New Year
- Price hitched to dollar, strongest correlation since 2012
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Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.
Chinese New Year buying and option prices suggest the stars are aligning for the metal to extend its 6.6 percent gain in the past six weeks.