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Silver to outperform Gold in 2014: Bank of America Merrill Lynch

Posted on 30 September 2013

Bank of America Merrill Lynch has cut its average gold and silver price forecasts for next year as United States monetary policy starts to normalize. The bank expected silver to outperform gold next year.
Gold Price Forecast: The American bank has trimmed its average gold price forecast by 17% and is expecting to see an average price of $1,294 an ounce in next year. According to the bank, a gradual increase of U.S. real interest rates should be accompanied by lower gold prices in 2014, a key reason behind the reduction of price forecasts………………………………………..Full Article: Source


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