Market Overview

Credit Suisse Lowers Gold Price Forecast

Related CS
Mid-Day Market Update: Yahoo Jumps On Upbeat Results; ASML Shares Decline
Mid-Morning Market Update: US Markets Open Higher; Bank of America Reports Q1 Net Loss
Blackstone, Goldman Grab Control of Ipreo for $975M (Fox Business)

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%.

Posted-In: Gold PriceNews

 

Most Popular

Related Articles (CS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free