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The January Effect in Gold’s Trend
Abstract：From historical trends, gold usual fares quite well from the first trading day after Christmas until late January next year, falling only in 2009 and 2010, while increasing in other years during this period, with an average growth of 5%. History suggests that late December is a good time for purchasing gold, as the price usually rallies at the end of the year and early January next year.
From historical trends, gold usual fares quite well from the first trading day after Christmas until late January next year, falling only in 2009 and 2010, while increasing in other years during this period, with an average growth of 5%. History suggests that late December is a good time for purchasing gold, as the price usually rallies at the end of the year and early January next year.
Gold usually gains considerable growth at the turn of the year, and for China there‘s a particular reason for this phenomenon. As the Chinese New Year approaches, demands for physical gold also grow. China has the largest gold consumption in the world, and investors will often start buying gold on Chinese New Year’s Eve.
The US Federal Reserves monetary policy faces potential changes, and amid this anticipation the market may see a decline of the US Treasury Bond yield, consequently boosting gold price.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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