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Barclays firmly bullish on Gold, Q4 forecast $1810

Posted on 23 October 2012

US gold futures fell to $1722 per ounce last week to a six week low but has climbed on Monday to $1725 in electronic trading. Barclays Research remains firmly bullish on gold. Gold prices sliped on profit taking amid stronger dollar and reduction in risk appetite with equity markets also weakening, Barclays said.
Speculative positions have fallen to a four-week low and although physically backed ETP holdings have eased from record highs, overall metal held in trust remains close to its recently attained peak………………………………………..Full Article: Source


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