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UBS lowers its 2012 gold estimate to $1,680/oz; leaves 2013 estimate at $1,725/oz

Posted on 30 March 2012

UBS lowered its 2102 average gold price estimate to $1,680 an ounce, down from the previous figure of $2,050, the bank said, reflecting the recent swoon in prices. It left its 2013 average estimate for gold at $1,725. Its silver 2012 average price outlook was lowered 4% to $33.40 an ounce, with its 2012 estimate of $27.50 left unchanged.
The bank raised its platinum average price estimate for 2012 to $1,700 an ounce from $1,675 and left its 2013 average estimate at $1,900. The palladium forecast was increased by 5% to $725 an ounce for an average price in 2012; the 2013 price estimate was not changed from the previous forecast of $850………………………………………..Full Article: Source


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