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Many analysts sceptical of rally in gold

Posted on 19 February 2014

Upbeat data on economy-wide lending in China out over the weekend gave metals prices a boost. Dubai gold futures rose by 0.9% to the 1,331.30/oz. mark. Despite recent decent gains Bloomberg cited the two most accurate forecasters for the price of gold over the last two years, Societe Generale’s Robin Bahr and Justin Smirk, at Westpac Banking Corp, as calling for the recent rally to fizzle out over the coming year.
While past performance is no guarantee of future returns, those predictions were in line with similar analysis out over the last few weeks from Credit Suisse or Goldman Sachs, but not with those from Capital Economics, for example………………………………………..Full Article: Source


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