Yingxi Yu Market Quotations

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.

We see potential for further downside pressure over the near term, but the market generally appears well supported at the moment. So any weakness is unlikely to be very violent or major.

The downside appears quite limited at present...There are factors pointing to further gains in the gold market in the short term.

The market conditions are likely to remain quite nervous over the next few days and near-term weakness in the TOCOM market cannot be ruled out.

We expect the market to remain in consolidation mood for now, though thin trading conditions ahead of the long holiday weekend could well spark big price movements.

The market has been rising without any major correction since late last year. This sort of correction was largely anticipated and it could be taken by some as a healthy feature to the market.