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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

UBS leaves 2013 gold forecast at $1,900/oz

Posted on 13 December 2012

UBS is retaining its forecast for gold to rise to an average price of $1,900 an ounce in 2013, the bank said. The bank’s 2013 silver forecast is $36.80 an ounce, not much different than UBS’ prior expectation of $36.90. UBS lowered its forecasts for platinum group metals, although it still looks for average prices to be higher than current levels.
Platinum is now expected to average $1,740 an ounce next year, compared to its previous forecast of $1,800. Palladium is seen at $780, compared to $825 previously………………………………………..Full Article: Source


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