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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Research more

HSBC expects glitter in gold market

Posted on 27 May 2011

HSBC Holdings PLC, Europe’s biggest bank, said that it’s bullish about the gold market despite price fluctuations earlier this month. The bank predicts concerns over geopolitical risks, loose monetary policy and a fiscal deficit in the United States, are likely to rekindle a rally in gold price.
HSBC expects the gold price to average a high of $1,525 an ounce this year, up from an earlier forecast of $1,450. The forecast for 2012 has been raised to $1,500 an ounce from $1,300……………………………………….Full Article: Source


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