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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Price Watch more

Gold to find selling pressure at $1700: Barclays

Posted on 25 October 2011

While maintaining a Gold price target of $1875/oz for Q4 2011, Barclays says that even though gold fundamentals are positive on the macro outlook, the need for liquidity and risk aversion will set the tone for the near term. Gold prices are expected to find selling pressure in the $1700 area.

Gold prices are expected to average $2000/oz in 2012………………………………………Full Article: Source


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