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Gold bearish,FOMC Meet, US non-farm payrolls to set price trajectory: Barclays

Posted on 29 January 2013

Gold prices tumbled last week failing to breach $1700 per ounce levels triggering profit taking amid improving market sentiments, according to Barclays Research.
The solidity of the physical market will set the downside for prices, while buying in China has been strong ahead of the Lunar new year, it will need to be coupled with a pickup in other regions to provide strong support. This week’s FOMC meeting and US non-farm payrolls will be key in setting gold’s price trajectory………………………………………..Full Article: Source


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