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Deutsche Bank cuts 2013 gold and silver price forecasts

Posted on 10 April 2013

Deutsche Bank on Tuesday cut its 2013 gold price forecast, saying returns from the metal may be on course for their worst annual performance since 2000.
“The forces which have propelled gold returns higher over the past decade, namely a weakening U.S. dollar, falling real interest rates and a rising U.S. equity risk premium have all moved into reverse since the end of last year,” Deutsche Bank analysts wrote in a note to clients. The bank cut its 2013 gold price forecast by 12 percent to $1,637 an ounce and lowered its silver price outlook for the year by 16.5 percent to $31 an ounce………………………………………..Full Article: Source


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