| Gold prices tumbled below $1600 to a new low for the month on dollar-strength and weaker than expected maco data. Gold/Silver ratio, which measures the number of silver ounces needed to buy an ounce of gold has risen above 57 last week. Barclays Research said that gold/silver ratio is set to widen further on weakness in silver prices.
Barclays pointed out that macro-economic environment remains bullish for gold but market fears about the Euro area’s problems may keep Euro depressed against the dollar...............................................Full Article: Source
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