Commerzbank: Precious metals will rebound in 2012

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Source: Commodityonline
Precious metals are likely to face upswing move after falling at the end of 2011, reported Commerzbank. Skepticism of money managers was caused by phase of weakness in the precious metals market but metals will resume their upward trend supported by strong demand from central bank and investors. The gold's price is expected to average at $1,725 an ounce over the year, averaging at $1,600 in Q1 and at $1,900 in Q4.



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