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