| 19.06.2012 - Gold support 1580, 1560; gold/silver ratio to rise to 57.50: Barclays |
| Gold prices could move to $1640 per ounce but in the near term support is seen at $1580, 1560 while resistance is seen at 1641 and 1630, according to Barclays Research. With silver struggling to gain bullish traction, gold/silver ratio may extend toward 57.50, Barclays added. Investment flows and macro-economic environment continues to be bullish for gold, with gold ETF holdings rising 9 tonnes over the past week to 2413...............................................Full Article: Source |