| The precious metals endured intense downward pressure a week ago amid a stronger dollar and firmer rates, and last week a reversal of the macro dynamics has enabled the precious metals, gold in particular, to stage something of a bounce.
In line with Barclays expectations, from the lows reached at the end of last week, both of the PGMs have staged the strongest recovery with gold prices trading back above $1200 an ounce, as physical buying has returned in both India and China w/w. However, Barclays remains cautious on gold prices, and continue to see the macro environment presenting headwinds and would look for opportunities to sell into a rally...............................................Full Article: Source
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