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India may hold key to higher gold prices – Mitsubishi Corp

Posted on 11 April 2014

Japanese trading house Mitsubishi Corporation said in a report published today that they retain a neutral to bearish stance on gold’s performance in the second quarter this year, despite the precious metal’s phenomenon gains in quarter one.
“In the light of gold’s performance in Q1, we raise our 2014 gold price forecast upwards by $20 to $1,265 but we remain essentially neutral to bearish on gold’s prospects for the remainder of the year. We anticipate gold will trade on average at $1,300 in Q2,” wrote analyst Jonathon Butler………………………………………..Full Article: Source


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