Deutsche Bank Cuts Gold-Price Outlook

Deutsche Bank DB lowered its forecast on gold prices for 2013 and 2014. The bank cut its gold outlook for 2013 by 12.1% to $1,856 a troy ounce and its 2014 outlook by 5% to $1,900/oz. The bank also lowered its s 2013 price forecast on silver by 16.8% to $37/oz and its 2014 view by 5% to $38/oz.