UBS again lowers its 2009 forecast for gold, this time from $825 to $700, while cutting silver...

|By:, SA News Editor

UBS again lowers its 2009 forecast for gold, this time from $825 to $700, while cutting silver from $15.08 to $12.58. It's worried "almost all North American mining companies could experience challenges to liquidity and/or business continuity" if an extended recessionary scenario unfolds. Gold +1.5% to $729. Silver +1% to $9.82.