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Gold Tips for Today

Gold price is expected to average $1875/oz in Q4, 2011 as the physical gold demand continues to cushion prices before investment demand takes off. Even though the volumes have softened, gold bar premiums in Asia is pretty high, indicating the strong demand for physical gold. The G-20 nations asked Europe to formulate a plan to resolve the debt crisis within October 23. And this looks unlikely since many key issues are yet to be fully defined.

According to Barclays Speech Gold seems to bearish for tomorrow, session. We expect that gold will trade tomorrow 26350 or near by 26250.

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