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UBS Analyst Raises Gold Stocks' Price Targets on Higher Gold Price Forecasts

Posted on July 06, 2008

Despite expectations that prices for both gold and silver will be lower in 2009 than they are this year, UBS has upgraded its forecasts for several metals through 2010.The Swiss financial services firm now expects gold will average $895, $800 and $730 per ounce in 2008, 2009 and 2010, up from $850, $750 and US$720, respectively. Its palladium forecasts climb 24% to $460, 96% to $550 and 81% to $625 per ounce for those years....

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