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Credit Suisse bullish on 2012 gold prices, raises forecasts

Posted on 04 October 2011

Credit Suisse raised its 2012 gold price forecast, saying the clear beneficiary of the uncertainty and dislocations in financial markets has further upside with the crises set to continue.
“Given that many of the factors that have underpinned the rapid increase — most importantly, fears of a global meltdown — remain in place, we expect gold prices to continue to recover over the balance of 2011,” analyst Tom Kendall said in a note……………………………………….Full Article: Source


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