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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Deutsche Bank picks PGMs as top precious metals performers for 2013; Lowers gold price forecast

Posted on 10 January 2013

The platinum group metals will be the best performer in the precious metals complex in 2013 as the supply deficit for the market continues to underpin the white metals, said a German investment bank on Tuesday.
Gold should have another positive year, but Deutsche Bank said in its commodities outlook that it is lowering its average price forecast following the lackluster impact of the Federal Reserve’s latest quantitative easing program and the possibility of the U.S. dollar firming. Also, it said, central banks will remain buyers of bullion, but they don’t anticipate an acceleration of buying in 2013………………………………………..Full Article: Source


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