Goldman Sachs lowers gold forecast to $930 an ounce

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Goldman Sachs lowers gold forecast to $930 an ounce

Posted on 31 March 2009

From Resourceinvestor.com: Goldman Sachs has cut its gold price forecast to US$930 an ounce in the next six months because of an expected reduction in buying by gold-backed exchange-traded funds.

In February, The US bank raised its gold price forecast to US$950 an ounce in the next 6 months…..Full Article: Source

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