RESEARCH: Gold short-term outlook
Quotes from Standard Chartered:
-The market is likely to remain volatile, but we look for higher prices as fundamentals remain supportive.
-Technical view has turned bearish for now. Support is at USD 1,532/oz and USD 1,470/oz.
-We are bearish on the US dollar in the medium term and forecast EUR-USD at 1.42 by end-Q4-2012.
-Mixed: US net speculative position still long, but fell further between 27 September and 4 October. Physical ETFs are stable for now - unchanged from end-September.
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