Credit Suisse Lowers Gold Price Forecast
Credit Suisse (NYSE: CS) lowered its forecast on gold prices for 2013 and 2014.
The bank lowered its average price view on gold this year by 9.2% to $1,580 a troy ounce and its 2014 average price outlook by 12.8% to $1,500/oz.
The bank lowered its 2013 forecast for silver by 11.5% to $28.50/oz and its 2014 view by 13.1%.
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