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LBMA poll predicts only modest gold price increase. Platinum may fare better.

Posted on 01 October 2008

From Mineweb: Spot gold prices will rise a modest 6 percent over the next year to around $959 an ounce, as the U.S. dollar weakens and the financial crisis eases, a snap poll of traders, analysts and industry officials showed on Tuesday.

The poll though showed strong gains for platinum and palladium after both metals halved or more since March peaks, even as the deepening financial crisis drives gold back toward the record high of $1,030.80 an ounce hit at that time. Spot gold should stand at $958.60 an ounce by next November, according to the anonymous electronic poll of 196 delegates at the London Bullion Market Association’s annual conference….. Full Article: Source


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