Go With the (Physical) Flow

Posted by on January 13th 2012 in China, Federal Reserve, General Economy, Gold, India, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

Expanding on a research note to clients that forecasts gold averaging $1,875 an ounce and peaking at $2,200 in 2012, Barclays’ analyst Suki Cooper tells CNBC that gold’s “key watch factor right now is really the physical demand and that has started to show signs of life, and in turn we remain positive on gold …The two key countries we need to watch in terms of physical demand are India and China,” particularly China.  She cites this week’s report about an upturn in China’s gold imports from Hong Kong as evidence that the “physical flow that was under question in December has now started to come back and is looking much stronger.”

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