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

UBS upbeat on gold but lowers 2013 price forecast to $1,740/Oz

Posted on 11 April 2013

UBS said it remains upbeat on gold but nevertheless revised downward its 2013 forecast for the precious metal on Tuesday.
The bank also lowered its forecasts for most other base and precious metals, although the expected 2013 averages for all of the precious metals are above current prices. UBS says its preferred picks include gold and “niche” metals such as uranium, due to Japanese nuclear reactor restarts, and aluminum, based on an Indonesian mining ban………………………………………..Full Article: Source

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