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Nomura raises gold forecasts as price drivers ‘already reset’

Posted on 06 March 2014

Nomura Securities has raised its 2014 gold price forecast to US$1,335/oz this year from the previous US$1,138/oz as the speed of last year’s price decline “brings forward the start of the next cycle.”
Gold appears set to recover “like a phoenix regenerating from its ashes,” RBC analysts wrote in a research note cited by financial magazine Barron’s. Nomura follows UBS and RBC Capital Markets, both of whom recently raised their gold price forecasts. UBS now sees gold averaging US$1,300/oz this year while RBC has set an average of US$1,400/oz………………………………………..Full Article: Source


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