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

Barclays gold bull: Back to square one

Posted on 11 December 2012

After a prolonged sell-off in gold, prices have started climbing again this week. For Barclays Research, this has been a time for introspection on its outllook for the yellow metal. They have now concluded that the sell-off rally was overstretched and perhaps it is time to start buying gold again changing their view from desperation on fall in prices to recent cautiously bullish to bullish view– thereby completing a circle.
The investment Bank is bullish on the macro environment as well as investor inflows. On the fundamental front, the Bank is neutral and from the point of view of technicals, they have a bullish strategy………………………………………..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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