Much of gold's recent rally has been supported by positive investor sentiment in light of rising oil prices, inflation concerns and geopolitical volatility, and we do not expect these supportive macro-factors to dissipate in the near term.
More Quotes from Barclays Capital:
a number of proposals contained in the draft policy would actively discourage foreign direct investment and the associated financing.Barclays Capital
What is clear is that despite OPEC's extremely high current output levels there is little sign of a large surplus forming in the market just yet.
Barclays Capital
Sooner or later the seriousness of the situation for U. S. product supply will begin to show in the weekly U. S. data releases, though it may still be too early for that today.
Barclays Capital
Speculative activity will continue to dominate price movements, with fund interest based on justifications such as economic slowdown, inflationary concerns and hopes of Asian central bank buying and soaring physical demand.
Barclays Capital
Given the overall positive sentiment and an apparent lack of interest to short the marker aggressively, we see further room on the upside.
Barclays Capital
We continue to question how close the situation now is to either complete company withdrawal from the area or a strike by workers due to the obvious lack of security.
Barclays Capital
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