gold outlook

  1. 9,241 Posts.
    2353 GMT [Dow Jones] Gold rallied sharply last week hitting new 14-month high in EUR
    terms, trading at $423.75 Friday, as speculators bought large quantities. Though price is
    off a bit this week, UBS continues to forecast gold will trade higher this year, due
    primarily to USD weakness. UBS forecasts gold at $420/oz in one month, $440/oz in three
    months and 480/oz at year-end. (BIP)
 
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