HSBC cuts 2013 gold price outlook

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Major bullion bank HSBC cut its 2013 average gold price forecast to $1,760 an ounce from $1,850.
It kept its 2014 gold forecast at $1,775 an ounce and introduced a 2015 forecast of $1,675 an ounce.
The bank left its 2013 and 2014 silver, platinum and palladium forecasts unchanged.
First Published: Jan 03 2013 | 9:51 PM IST