The old market relationships for gold used to be simple. When the US dollar was weakening, the gold price went up. When the US dollar strengthened, the gold price fell. These simple certainties seem to have vanished from the gold market. Other more significant factors are influencing the price and trend behavior.
A "gold rush" swept through China during the week-long Lunar New Year holiday this year, with demand for precious metals and jewelry surging since the Year of the Dragon began.
China National Gold Group Corp, the country's largest gold producer, said Friday that its profits surged 57 percent year-on-year to 5 billion yuan ($791.13 million) in 2011.
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