(Reuters) - HSBC on Tuesday raised its price forecasts for gold, silver, platinum and palladium, citing the U.S. dollar's weakness, stronger oil prices and robust investment demand from the exchange-traded funds (ETFs).
James Steel, analyst at HSBC, lifted his gold price target to $660 an ounce from $630 an ounce for 2008, and raised his 2009 outlook to $600 from $550, while leaving its 2007 forecast unchanged at $680.
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