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Commodities Briefing - Categorized | Bullion/Gold, Investment, Price Watch more

Gold buying interest to manifest at $1485/1520 levels: Barclays

Posted on 14 March 2013

Gold markets remain sluggish amidst sharp decline in holdings in Gold Exchange Traded Funds (ETF), wait-and-watch attitude in Indian markets and strong buying appetite in China. Barclays retains a broader bullish outlook but maintains a bearish strategy for the time being.
Price forecast: Q1 13: $1710/oz, 2013 annual average: $1778/oz. The macro environment remains bullish for gold as Fed may continue with asset buying as labour data does not show a significatn change. European Central Bank may retain interest rates close to zero lveels as policy rates remained unchanged last week…………………………………….Full Article: Source


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