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View of the Day: Gold shines on

Posted on 05 February 2009

From FT: Gold, one of the best performing assets of 2008, will continue to attract buyers in 2009 because of physical demand for it amid fears about the financial crisis, says John Reade, strategist at UBS.

“We expect the precious metal will average at about $1,000 an ounce in 2009, a level we last saw in March last year. This compares with our old forecast of $700 an ounce,” he says….. Full Article: Source


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