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Natixis sticks with $4,600 gold target as central banks prepare to ramp up buying
Although gold has corrected sharply from its record highs above $5,500 an ounce, one precious metals analyst says the pullback has done little to alter the market's long-term bullish fundamentals, maintaining that prices can still end the year around $4,600 an ounce. In an interview with Kitco News, Bernard Dahdah, Precious Metals Analyst at Natixis, said he has deliberately resisted the temptation to chase market swings, leaving his year-end forecast unchanged even as gold has retreated to around $4,100 an ounce. "My forecast for the end of the year is $4,600," Dahdah said. "When we were at $5,500, people were ... (full story)
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