| The average price for gold in 2012 is forecast to be $1,766 an ounce and the average silver price is forecast at $35.05 an ounce, a reduction of 8.3% and 9%, respectively, from a previous outlook, said a leading Canadian bank on Tuesday.
Bart Melek, head of commodity strategy at TD Securities, also reduced his forecast for platinum’s 2012 average price by 1.1% to $1,755 an ounce and palladium by 3.9% to $740 an ounce. In base metals, he lowered the 2012 copper average price to $3.92 a pound, a 2% reduction from the previous forecast...............................................Full Article: Source
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