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Gold to rise 10% in 2007
- Thursday, July 12 - 2007 at 06:28
Average gold prices will rise nearly 10% in 2007 and gain further in 2008, according to a Reuters poll. The poll of analysts and traders picked a median price of gold XAU of $670 an ounce, up from $612.10 in 2006. The precious metal is forecast to rise to an average of $681 in 2008. Investor interest will be boosted by a weak dollar outlook and less aggressive sales by central banks, according to Reuters.
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James McInerney, News EditorThursday, July 12 - 2007 at 06:28 UAE local time (GMT+4)
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