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ABN AMRO brings 2015 end Gold prices to 2014; forecasts $1000/oz

Posted on 26 April 2013

ABN AMRO has brought forward its forecast of $1,000/ oz to end of 2014 from end of 2015, according to it’s quarterly commodity outlook published.“Silver is expected to fall to $ 20/ oz this quarter,” it added.
ABN AMRO sees most commodity prices declining further for the remainder of 2013 before strengthening next year on economic recovery-led demand.The improving outlook and sentiment for the US and China will support cyclical commodities, especially base metals, in the near term………………………………………..Full Article: Source


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