CIBC’s “Golden Outlook” Includes $2,200 by 2013

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DG365FD46564GFH654FU898 CIBC was the latest investment bank to raise its gold price forecasts, and now sees the yellow metal reaching $2,200 per ounce by 2013. In a report published this morning, CIBC World Markets analyst Barry Cooper lifted his average gold estimates to $1,625 from $1,550 in 2011, and to $2,000 from $1,700 in 2012.