gold

Gold finished the year with a flat 10% gain from where it opened last January, rallying 60 USD on the last trading day. Interestingly, Silver did exactly the opposite and closed the year with a 10% loss. Platinum was the biggest loser in 2011, falling 21%, closely followed by Palladium, which was down 18% on the year. The first day of the year continues the positive mood in risk, further supported by a stronger than expected Chinese and Indian PMI. Levels to keep an eye on in Gold seem to be the psychological 1600 level, followed by 1610, while support should be found around 1575 and 1550 respectively.