| Citi Research forecasts 2015 gold prices to average $1,220 an ounce and silver prices to average $16.50 an ounce, saying they are neutral on the prices for those precious metals. The bank says it is bullish on platinum and palladium prices, forecasting average 2015 prices of $1,350 an ounce and $870 an ounce, respectively.
All of these price forecasts are above current price levels. Gold prices fell under a host of bearish influences, from negative investor sentiment, a stronger U.S. dollar and low inflation expectations, Citi said. The metal may continue to see weaker prices, but "there are increasing reasons to think that further downside moves will be limited," they said...............................................Full Article: Source
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