Barclays Capital Quotes
We would expect the potential for further chaos in Nigeria to provide a floor for prices above $60, and we expect Nigeria will continue to be a major issue in terms of supply security up to, and probably beyond, next year's elections.
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While we think such high prices are not justifiable by gold 's commodity fundamentals in terms of market balance and inventory levels, the combination of a surge in oil prices above $70/barrel, geopolitical tensions and strong momentum is dominating at present, and further gains cannot be ruled out.
- Barclays Capital
