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Commerzbank sees temporary gold pullback, then upswing to $1,400 avg. in 4Q

Posted on 20 March 2014

Gold is likely to give up some of its recent gains but then recover again into year end, averaging $1,400 an ounce in the fourth quarter, Commerzbank said in a forecast released Wednesday. Silver is seen averaging $24 in the final three months of the year. Other fourth-quarter forecasts included platinum, $1,600; and palladium, $825.
Spot gold rose to just above $1,392 an ounce early this week and was up some 15% for the year to date, the bank said. The metal also was up around 13% in euro terms……………………………………….Full Article: Source


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