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Expect range bound trade in gold, support $1539, 1522: Barclays

Posted on 09 April 2013

Gold prices are expected to trade in range with some support expected from the physical market amidst worries about accelerating outflows from exchange traded funds in April, Barclays Research said. Price forecast: Q2 2013: $1615/oz, 2013 annual average: $1647/oz.
Gold market sidelined the comments by ECB President Draghi on Cyprus and possibility of moderate rebound in H2 13 although weaker-than expected jobs data provided some support last week………………………………………..Full Article: Source


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