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Goldman sees gold hitting record $1,480 in 3 months

Posted on 21 March 2011

US investment bank Goldman Sachs Group Inc said it forecast gold prices rallying to a record $1,480 an ounce in three months on declining U.S. real interest rates.
The bank said in a note sent on Friday it still expects gold prices to reach a peak in 2012 as U.S. interest rates are set to rise with the economy continues to recover. Goldman has a six-month gold view at $1,565 an ounce, and a 12-month forecast at $1,690 an ounce……………………………………….Full Article: Source


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