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

S&P lowers gold price assumption to $1,250/oz

Posted on 04 February 2014

Standard & Poor’s has lowered its gold price assumption by almost 10% for 2014-2016, but raised its price assumption for zinc by 10%-20% during the same period.
“By contrast, we are not changing our assumptions for copper, nickel or iron ore,” said S&P analysts. “We expect favorable prices for copper and iron ore to persist over our forecast period, but our flat-to lower long-term assumptions incorporate the risk of incremental capacity over the next 18-24 months.”……………………………………….Full Article: Source

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