12.04.2013 - Deutsche Bank Gold price forecast for 2013 at $1,637/oz; 2014 rate at $1,810/oz
Deutsche Bank has downgraded its gold price forecast for 2013 by 12% to $1,637/oz; this compares with the average 2012 price of $1,669/oz; implying the first down year for gold since 2001. “Our new forecast for 2014 is $1,810/oz, down 5% from our previous estimate.” the Bank said in a report. Deutsche Bank has meanwhile, upgraded its long-term price forecast for gold to $1,300/oz from $1,025/oz. The Bank has based this new estimate on the economics of gold production, specifically marginal production costs............................................Full Article: Source
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