Analysts Revise Gold Forecasts

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.

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