12.11.2014 - Investment banks caution investors on gold
The gold price that rebounded strongly on Friday failed to sustain its rally as bearish sentiments started showing signs of dominance. Meantime, investment banks continued to lower gold price forecasts and advise investors to be cautious on gold. UBS has lowered its short-term gold price forecasts. However, the bank feels that the recent decline in gold prices is ‘overdone’. Gold’s one-month price forecast has been lowered from earlier $1,250 per ounce to $1,180 per ounce. The average gold price forecast for the entire year 2014 too has been lowered from $1,270 per ounce to $1,230 per ounce...............................................Full Article: Source
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