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Barclays’ 2012 forecasts: Gold to hit $2000, silver to hit $35/oz

Posted on 24 November 2011

Barclays’ forecasts for precious metals in 2012 include gold, $2,000 an ounce; silver, $35; platinum, $1,835; and palladium, $860. Barclays’ 2012 forecasts for the base metals include aluminum, $2,544 a metric ton; copper, $10,075; lead, $2,506; nickel, $21,125; tin, $28,000; and zinc, $2,300.
According to Barclays Capital, base metals prices would plummet as dramatically as they did after the financial crisis of 2008, even if the economic-growth outlook worsens, that is because there are important differences between then and now………………………………………..Full Article: Source


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