Barclays: Gold To Come ‘Under Significant Pressure’ In 2015

In a report published Monday, Suki Cooper, director of precious metals research at Barclays, said the outlook for the yellow metal has become more divided but she still sees more downside risk this year as the U.S. dollar remains strong and oil prices remain weak.

She noted that gold’s correlation with oil prices and EUR/USD has strengthened, hitting about 40% in the last three months, “and combined with our view for a U.S. rate hike in mid-2015, gold is set to come under significant pressure.”

Barclays: Gold To Come ‘Under Significant Pressure’ In 2015