Gold May Advance to $1,520, Barclays Says: Technical Analysis
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Gold may climb 1.6 percent to a record $1,520 an ounce in two to four weeks, according to technical analysis from Barclays Capital.
The level is an initial resistance area and prices may pause there before extending gains to $1,560 to $1,600 an ounce in three to six months, Dhiren Sarin, an analyst with Barclays, said by phone from Singapore today.