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

HSBC lifts 2013 gold price forecast on higher physical demand

Posted on 13 September 2013

HSBC Global Research raised its 2013 gold price forecast and said physical demand is becoming a major driver for the yellow metal. The bank lifted its gold price outlook for this year to $1,446 per ounce from $1,396, and kept its 2014 forecast unchanged at $1,435 an ounce. Spot gold was trading at $1,330.66 at 17:36 GMT on Thursday.
“Physical demand for jewelry, coins, and bars from China, especially, are supportive and becoming a key driver,” HSBC said in a note on Thursday………………………………………..Full Article: Source


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