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BMO Capital raises 2013 gold, silver price forecasts

Posted on 17 October 2012

BMO Capital Markets has raised its 2013 price forecasts for gold and silver by 14.7% and 11.4%, respectively. The European Central Bank’s intentions to purchase sovereign debt and a new round of quantitative easing by the Federal Reserve that suggests “continued negative real interest rates and appeal for precious metals as a store of value,” the Toronto based firm added.
BMO Research said that, it now expects the gold price to average $1,950 an ounce in 2013 and break the psychological barrier of $2,000 within the next year. Silver is expected to average $39 an ounce next year………………………………………..Full Article: Source


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