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Financial Post reported that market analysts are raising their price forecasts for gold.
Financial Post reported that market analysts are raising their price forecasts for gold.
The market news is quoted as saying:
HSBC lifted its 2011 gold price forecast to $1,590 an ounce from $1,525 an ounce on Monday, raised its price view for next year to $1,625 from $1,500, and increased its 2013 gold forecast to $1,550 an ounce from $1,450.