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MarketWatch reported that HSBC revised its 2012 gold forecast lower after the metal’s poor performance in the last quarter of 2011.
MarketWatch reported that HSBC revised its 2012 gold forecast lower after the metal’s poor performance in the last quarter of 2011.
As quoted in the market news:
The bank now expects gold to average $1,850 a troy ounce this year, down from an earlier forecast of $2,025/oz, precious metals analyst James Steel said in a note to clients late Wednesday.
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