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Barclays lifts 2009 gold forecast to $940/oz

Posted on 23 March 2009

From Mineweb.com: Barclays Capital has lifted its gold price forecast for 2009 to $940 an ounce, it said, citing the prospect of a weaker dollar and fears over inflation.

“Plans for further quantitative easing by the United States has seen the dollar nosedive,” the bank said in a note. “In that environment, gold will shine, and we have revised our price forecast higher.”….Full Article: Source


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