Gold is always a great start to the year when buying Chinese gold for Lunar New Year celebrations. Notably, over the past ten years, gold has risen over eight years in January. 2012 saw a significant increase of 9.14% after falling 6.74% in 2011.
Despite the usual strong seasonal fluctuations, the precious metal is struggling to rally this year. Many are now wondering if this is the end of the strong fundamentals for buying gold. Fundamentals appear to be weak at the moment and it could end its 7-year seasonal streak in January 2021.