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Numis raises 2009 gold price view to $900/oz

Posted on 13 March 2009

From Reuters: Numis Securities said it is raising its 2009 gold price forecast to $900 an ounce from $700 previously, citing risk aversion, the prospect of a weaker dollar and fears global stimulus measures could cause inflation.

Strong demand for physical stocks of the precious metal for investment products such as coins and to back commodity exchange-traded funds is also likely to boost prices, it said….. Full Article: Source


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