With China's return from the Lunar New Year celebrations, it appears precious metals are benefitting from some pent-up demand. Gold, and its high-beta cousin Silver have jumped in the Asia session and are now the best performing asset post-Yellen testimony. US equity futures have drifted lower from the cash close and copper has given back most of its gains...
Post-Yellen, Gold and Silver are outperforming...
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Gold topped $2010 and Silver $16.70...
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With the Yuan trading near 30-month lows against the USD, perhaps the Chinese are starting to rotate away having rested for a few days...
