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Barclays on gold:Q1 2013 price at $1710/oz; annual average $1778/oz

Posted on 27 February 2013

Noting that Gold’s correlation with traditional drivers has weakened, Barclays has projected Q1 2013 gold prices at $1710/oz and annual average at $1778/oz in a report.
As alternative yield-bearing assets have outperformed, gold’s safe-haven appeal has lessened. Gold’s correlation with equity markets was stronger last year, but the negative relationship with US 10y Treasuries has strengthened, the report noted………………………………………..Full Article: Source


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