| Limited physical demand for gold will put the yellow metal under downside risk, a report by Barclays said. The strength of the dollar has weighed upon gold, but prices have held up relatively well, considering the magnitude of the move in the currency.
Macro data from the US have been better than expected, increasing market speculation of earlier rate hikes. While in Europe, the ECB rate cut and ABS purchase programme to be launched in October have driven the euro to weaken further against the dollar. The EUR/USD is now trading at levels last seen in July 2013 on the back of the ECB announcement and expectations for a Fed rate hike next year...............................................Full Article: Source
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