GOLD ended the Asian session relatively unchanged today as the USD gained and equities finished the session of the high’s as the usual risk off Friday theme became apparent in afternoon trade. Copper prices eased and US equity futures retreated after two weeks of huge gains and we know approach a fresh bunch of key resistance levels in equity markets. Gold traded in a $1,740-52 range and finished the session unchanged at $1,747. A fairly quiet day in Asia today after big gains throughout the week as investors pulled back booked in profits as the weekend approaches. We expect Gold prices to remain well supported into any weakness and we remain of the view that investors should be looking to buy dips for the remainder of the year as our target is towards $2,000 as USD weakness supports along with safety flows if we see investors look closer to the detail in the Eurozone plan. Either way, Gold prices should remain bid and any weakness should be limited by solid support down towards $1,695/$1,700. Only a breach back below $1,767 has us concerned about our outlook in the MT. Solid offers are seen around $1,750 and we should end the week below here as profit taking continues.

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Short-Term    Medium-Term

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