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Gold prices may average $1500/oz in Q4 2013 and $1483 in 2013: Barclays

Posted on 23 April 2013

The macro backdrop remains gold-supportive, and prices may average $1500/oz in the fourth quarter of 2013. Also, for 2013, prices are expected to average $1483/oz, stated London based Barclays in its recent market analysis.
Demand from India and China has responded strongly to lower gold prices but, according to Barclays, given the sizeable cash-negative ETP holdings at current price levels, the near term looks fragile and prices could be exposed to further downside risk………………………………………..Full Article: Source


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