Is it because I'm Chinese? No, sweetie, we are Singaporeans :) The Year of the Dog is coming to an end. Tomorrow, we usher in the Earth Pig. Yes, while the media always reports that this year is the Year of the Golden Animal, it seldom is. The last real Gold animal was in 2011 - called Gojek, the Golden Jackass. Just kidding, it's the Golden Rabbit and before that the Golden Tiger in 2010.  The next one is in 2020 - the Golden Rat. As there are five elements (Earth, Fire, Water, Wood and Gold) and each element gets two years in a row, we only get to Gold every 8 years. Meanwhile, as markets move in advance as they always do, gold prices are the move! No autolock here.
Gold prices rushed through SGD 1,680!
The recent rally might be more USD related rather than gold supply and...