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GFMS ups 2016 gold price forecast

Consultancy adds almost US$100/oz to earlier price prediction

Mining Journal
Chinese jewellery demand fell by almost a third in the quarter to end-June. Photo: MiLu24/Wikicommons

Chinese jewellery demand fell by almost a third in the quarter to end-June. Photo: MiLu24/Wikicommons

In the latest update to its annual gold survey, the precious metals consultancy said it expects a price of $1,279/oz in 2016, this compares to the US$1,184/oz first forecast in April. According to Mining...

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