Gold's record-breaking rally of the last decade is set to extend into this year and next as monetary policy stays loose and central banks build reserves, a Reuters poll showed on Thursday.
Silver is expected to decline for a second year running after hefty price swings spooked investors last year.
The survey of 45 analysts carried out by Reuters in January predicted an average spot gold price of USD 1,765 an ounce in 2012, 14% higher than last year's average of USD 1,544. This was itself 26% above 2010's USD 1,228 an ounce.
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