Gold may be getting an extra boost from post-COVID buying as Swiss imports into China were the highest last year since 2016. Indian buyers nearly doubled their purchases in 2021 to 611 metric tons.
The next two weeks are very crucial for gold, silver, base metals and global stock markets. Momentum and technical are very bullish for gold, silver, crude oil and natural gas. Base metals will be very volatile.
This hasn't happened in about a year in a half, but gold has made (marginally) a higher-high. We have not yet seen follow-through, but this is typical. The second or third attempt is when we usually get a breakout..
