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HSBC lifts gold price forecast

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HSBC and metals consultancy GFMS both said they see gold rising above $2,000 an ounce, citing high government debt levels and instability in the currency markets, even as spot prices slipped back below the $1,800 mark. HSBC lifted its 2012 gold price forecast to $2,025 an ounce from $1,625 previously,…

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Click here to read the full story: Arab News

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