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We were bullish on gold, we were wrong: Barclays

Posted on 06 November 2012

Barclays Capital which was until recently very bullish on its gold outlook has now admitted that they went wrong and not expects market to trade range bound. Barclays has retained its rice forecast for Q4 12: $1810/oz, 2012 annual average: $1691/oz.
It may be recalled that last week Barclays had expressed caution about physical demand for gold emerging in the Asian region in November stating that it would be crucial to sustain prices of the yellow metal head………………………………………..Full Article: Source


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