gold

Barclays analysts maintain their bullish view on
gold due to continuing macroeconomic uncertainty and sustained central bank
buying, they say in a report. The house tips near-term support at $1,565 a troy
ounce and then $1,522/oz; resistance is at $1,615/oz and then at $1,635/oz.
Spot gold is trading at $1,596.80/oz, up $4.70 from its previous settlement but
still below key psychological resistance at $1,600/oz. The yellow metal has
traded no higher than $1,599.10/oz so far Monday as Indian and Chinese
consumers remain wary of opening new longs following volatile trading last
week. However, indications that gold could be returning to its status as a safe
haven asset are helping underpin prices amid continuing concerns over the
euro-zone debt crisis.