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2012 gold price forecasts cut further; silver flounders

from The Economic Times

Gold experts have further cut back price forecasts for the metal this year after a sluggish first half, a quarterly Reuters poll showed, while gains in the dollar and a dearth of physical demand are likely to clip any attempted return to last September's record high for the rest of the year. The precious metal is still on track to post another record-breaking average in 2012, extending its bull run into a twelfth year as ultra-loose monetary policy in key economies keeps interest rates at rock bottom. more


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