| 19.03.2013 - HSBC cuts gold forecast, sees recovery later in 2013 |
| HSBC lowered its gold price outlook for this year and next, citing weakness of the yellow metal year primarily due to negative sentiment on investor expectations the US Federal Reserve would curb its quantitative easing (QE) program. The bank cut its 2013 gold price forecast to $1,700 per ounce from $1,760 and the 2014 price outlook to $1,720 per ounce from $1,775...............................................Full Article: Source |