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Gold price forecast for 2013 lowered to $1,760/oz by HSBC

Posted on 07 January 2013

HSBC, the global bank, has lowered its gold price forecast for 2013 to $1760 an ounce from the previous forecast of $1850/Oz.
The bank expects a volatile market for yellow metal in the current year and estimates a wide trading range of 1,575/oz to 1,950/oz . The forecast for 2014 has been unchanged at 1,775/oz and introduced a 2015 forecast of 1,675/oz. Forecast for long term has been left unchanged at 1,500/oz………………………………………..Full Article: Source


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