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BAML forecast average 2013 gold price at $1,478/oz

Posted on 29 May 2013

A lack of bullish macroeconomic drivers are weighing on gold and silver, prompting analysts at Bank of America Merrill Lynch Global Research to lower their 2013 average prices for gold and silver to $1,478 an ounce and $24.40 an ounce, respectively.
In a report, the analysts say a stronger U.S. dollar and no inflation are “headwinds” for gold and silver. Still, they add, there are pockets of demand which are preventing a “complete meltdown.” Even though gold prices are weaker, they say the gold bull market is just pausing……………………………………Full Article: Source


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