Gold rally has legs on strong China demand

On uptrend: A pedestrian walks past a window displaying a representation of a gold bar at a bullion broker in Piccadilly, London. Chinese New Year buying and option prices suggest the stars are aligning for the metal to extend its 6.5 gain in the past six weeks. — Reuters

MADRID: Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.

Chinese New Year buying and option prices suggest the stars are aligning for the metal to extend its 6.5% gain in the past six weeks.