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Barclays analysts: Don’t get fooled by gold again

Posted on 14 January 2014

Gold prices drifted a little lower on Monday, with no big signs of a followup so far after last week’s jobs-related surge. But analysts at Barclays say investors shouldn’t get fooled into believing any upturns for gold will stick and be prepared to sell into any rallies this year.
Barclays analysts are among those who believe the Fed will continue the taper, and while short-covering support is going to stream into gold due to buying ahead of the Lunar New Year, that gold love will be fickle and fleeting………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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