| Given that real interest rates are expected to remain negative for longer while concerns over currency debasement and inflationary pressures have resurfaced, the backdrop remains fertile for gold. However, gold still has hurdles to overcome, such as the further strengthening of the dollar, technical resistance levels and profit-taking.
The macro-environment is positive on the back of a stronger than expected US non farm payroll data, lower unemployment and solid growth in factory orders for December. The Eurozone has started 2012 in a good note, with January PMI coming out positive...............................................Full Article: Source
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