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HSBC cuts 2013 gold forecast

Posted on 17 January 2013

HSBC, which had forecasted gold prices would hit $2000 per ounce in the second-half of 2012, is now paring back its forecasts for 2013.
The bank has lowered its gold price forecasts for this year to $1,760 an ounce from $1,850 previously. The bank expects the bullion to remain volatile, and trade within a range of $1,575 to $1,950………………………………………..Full Article: Source


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