Sat, Aug 30, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

HSBC lowers gold and silver price forecasts for 2013, 2014

Posted on 25 June 2013

HSBC on Monday lowered its gold and silver forecasts for 2013 and 2014, mainly on the US Federal Reserve’s plans to reduce economic stimulus and weak Chinese growth prospects. The bank also said that its positive outlook for U.S. dollar implied more weakness for gold.
“Although we expect a positive physical demand response to eventually cushion gold’s drop, we do not believe it will be of the scale or magnitude of the reaction in April,” HSBC analyst James Steel said in a note to clients………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31