Barclays still looks for downward moves in Gold- Bullion Street

Gold prices remained soft for most of the week, until experiencing a minor boost after the ECB cut rates. Although gold got some macro support, it remains around our Q2 14 average price forecast of US $1250/oz and Barclays expects its downward momentum to resume; meanwhile, palladium will likely remain the outperformer among precious metals. 

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