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BNP Paribas cuts gold price forecasts through 2013

Posted on 14 October 2011

BNP Paribas cut its gold price forecasts for 2011 through 2013, following the recent pullback in the precious metal’s prices and said a further correction may be possible in the near term.
The brokerage said another episode of extreme risk aversion in the short term could potentially see gold correct further from its current level, as its sales offset losses in other asset classes. Analyst Anne-Laure Tremblay, however, expects bullion to continue trend higher until 2013……………………………………….Full Article: Source


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