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

Scotia Capital lowers 2013 gold price estimate to $1,400/oz

Posted on 10 July 2013

Reflecting the year-to-date average, and assuming a relatively flat second half of this year, Scotiabank analysts Monday revised short-term precious metals prices. Despite the revisions, Scotia Capital analysts Tanya Jakusconek, Joanne van Ballegooie, and James Bender initiated only one rating change as Agnico-Eagle Mines was lowered from Sector Outperform to Sector Perform.
“We are adjusting our gold price background for 2013 given year-to-date actual pricing ($1,515/oz). Short term, the gold price faces headwinds with the strengthening of the U.S. dollar…and more positive sentiment toward the global economic outlook,” said the analysts………………………………………..Full Article: Source


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