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Gold prices may touch $1350/oz in Q2 and $1483 2013: Barclays

Posted on 30 April 2013

ETP outflows may remain as a key downside risk for gold in the near term and prices are expected to touch $1350/oz in the second quarter of 2013 and $1483/oz this year, stated London based Barclays in its recent market analysis.
“In our view, the vulnerability of further ETP outflows subsides should prices recover to above the $1500/oz level or equity markets under perform given the stronger correlation between the two,” it added.Gold prices recovered last week, ending the week above the $1450/oz level, after hitting their lowest level since February 2011 the week prior………………………………………..Full Article: Source


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