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Deutsche Bank still bullish on Gold; raises 2013 Gold, Silver forecasts

Posted on 25 October 2012

Germany’s biggest bank Deutsche Bank raised its 2013 and 2014 forecasts for gold and silver, citing support from stimulus measures by central banks such as the United States Federal Reserve.
According to Deutsche Bank, the gold price could exceed to $2,200 a ounce in 2013. the bank lifted its 2013 gold price outlook by 3% to $2,113 per ounce and its 2014 forecast by y 11.1% to $2,000/oz. The German bank similarly advanced its 2013 price forecast on silver by 3% to $44/oz and its 2014 outlook by 11.1% to $40/oz………………………………………..Full Article: Source


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