| Barclays Capital describes the macroeconomic backdrop as bullish for gold, the fundamentals as bearish and investor flows and technicals as neutral. While a low interest-rate environment remains, a third round of U.S. quantitative easing is not imminent, which has pressured gold in recent weeks.
Barclays doubts that Friday’s softer-than-forecast U.S. jobs report will prompt renewed action at the April meeting of U.S. Fed policy-holders, but it says the door to further quantitative easing does remain “ajar.”..............................................Full Article: Source
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