Golden Finance reported that analyst Adam Button said that gold usually has seasonal tailwinds from December to January, and now it has fundamental tailwinds. Over the weekend, China's central bank resumed buying gold for the first time in six months, after prices initially fell by $50 when China stopped buying and then fell by about $100 in the following days. Today, gold has risen by US$40 during the day, exceeding US$2,670 per ounce. Technically speaking, a breakout of the December high is good news and suggests gold could retest the late November high of $2,721. Dovish central bank decisions between now and Christmas will certainly help, and to achieve that in the US we will need a CPI report on Wednesday that is in line with expectations. At the same time, compared with gold prices, silver performed even better, rising 4% during the day and reaching its highest level since early November.