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Gold supported by strong Asian demand , Q4 price forecast at $1875: Barclays

Posted on 11 October 2011

Strong physical Gold demand from Asia amidst the backdrop of European debt crisis is expected to average gold prices at around $1875/ounce, says Barclays Capital in a research report. $1600 levels may prove to be a strong support and cushion from which prices might shoot up.
-Moody’s downgraded Italy’s credit rating from Aa2 to A2. Long-term funding risks in the Euro zone nations have increased. Bullish………………………………………Full Article: Source


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