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

Barclays: Gold, platinum, palladium to remain positive, silver to be negative

Posted on 28 November 2011

Precious metals prices have remained under pressure this week as the dollar has strengthened, equity markets have weakened and economic insecurity has heightened over the US, Europe and China, said Barclays Capital in a briefing.

Gold prices slipped below $1700/oz and although physical demand responded to lower prices it has failed to provide a solid floor as yet. Instead investment demand has strengthened with ETP flows for November to date doubling flows recorded in October and taking total metal held to a new record high, while central bank net buying continues………………………………………Full Article: Source


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