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Barclays Capital looks for gold to average $1,778/oz In 2013

Posted on 11 January 2013

Barclays Capital looks for gold to rise in 2013 although at an average price of $1,778 an ounce that is less than what the bank was calling for prior to Christmas. Back in mid-December, Barclays was forecasting an average of $1,815 for this year.
“Lack of conviction has tainted gold price action, and gold has struggled to establish its identity as a safe haven asset, instead rallying amid a risk-on environment,” the bank said in a fresh research report Thursday………………………………………..Full Article: Source

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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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