Gold Prices to Slide
By Purchasing Staff -- Purchasing, 2/12/2009 2:00:00 AM
A survey of market mavens finds them forecasting the London fix price for gold averaging $855/troy ounce in 2009, a 2% decline from the $872 average of 2008. However, there are some bullish analysts like Philip Klapwijk, executive chairman of GFMS, who forecasts that gold prices will hit fresh highs of $915 in the first half of 2009.
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