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Barclays: Gold struggle to continue short-term

Posted on 14 January 2013

Barclays has said in a report that gold may continue to struggle, at least in the short term and gold failed to benefit at all as a hedge of fiscal cliff risks in late 2012 while suffering more than most other commodities in the about-turn that greeted the FOMC minutes.
Meanwhile, the steep end-year decline in ETP buying (one of the few bright spots for gold earlier in 2012) has worsened in early 2013 with a net 10t of liquidation so far………………………………………..Full Article: Source


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