| Analysts at several major banks cut their gold price targets over the weekend as sentiment about the precious metal continues to cool this year. Gold fell to a six-month low last month, dropping below the key resistance level of US$1,600 an ounce. The precious metal, which some investors view as a safe haven, has been suffering as sentiment about the U.S. and global economy have improved this year.
Scotiabank cut its price target on gold to US$1,650 for 2013 as a result, down from its earlier target of US$1,800...............................................Full Article: Source
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