Epic Research Singapore : Comex Market Update

Gold for February delivery GCG4 -0.01%  added a scant 40 cents to trade at $1,221.20 an ounce. Silver SIH4 +0.42%  tacked on a nickel, or 0.3%, to $19.12 an ounce.

“I believe this market, especially silver, is over-sold in the short-term,” said Kitco’s global trading director Peter Hug. “With this market’s mindset that a stronger US$, due to higher rates, is upon us and continued tax loss positioning, catching the falling knife is hazardous.” 


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