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Goldman Sachs cuts 2013 gold price forecast from $1,940 to $1,810/Oz

Posted on 07 December 2012

Goldman Sachs has cut next year gold price forecast to $1,810 per ounce from the $1,940 an ounce projected earlier in the year. Its 2014 forecast for gold prices is $1,750 per troy ounce.
“While we see potential for higher gold prices in early 2013, we see growing downside risks. As a result, we find that the risk-reward of holding a long gold position is diminishing,” said the American multinational investment bank in a snippet………………………………………..Full Article: Source


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