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

Gold looks bullish toward $1370, 1430: Barclays

Posted on 15 July 2014

Gold appears bullish towards $1370 per ounce and then $1430 an ounce levels, according to Barclays. It said that recent gains in precious metals look toppy. Therefore, selling on any gold price rallies is suggested especially when it is expected that legs of support to give and to expose gold on the downside.
“We caution against interpreting recent strength in investor flows as a long-term shift in sentiment, as gold still represents healthy selling opportunity,” according to Barclays………………………………………..Full Article: Source


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