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Gold to average $1000/oz this year: UBS

BASE metals may be wallowing and iron ore and coal on the nose, while uranium and phosphate have ...

Kate Haycock
Gold to average $1000/oz this year: UBS

The bank is now predicting spot gold will trade at an average of $US1000 an ounce in 2009 - a 43% increase from the previous forecast of $700/oz. UBS said its forecasts are based on heavy physical gold...

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