Citi Releases Latest Precious Metals Price Forecast

Citi, an active and well-established market participant in the precious metals marketplace, is out with their latest price forecast for such hard assets. From Francesca Freeman for the Dow Jones Newswires today:

Citi Monday cut its outlook on gold prices for the year ahead, but raised its view on the price prospects of the platinum group metals.

The bank cut its 2013 average gold price forecast by 4% to $1,675 a troy ounce. It raised its 2013 platinum price forecast, meanwhile, by 1.5% to $1,700/oz and its palladium outlook by 4.2% to $775/oz.

Demand is expected to outstrip supply with both platinum and palladium, with the situation more pronounced with the latter.

Buy Gold Online

As for silver, Citi’s outlook remains unchanged from November 2012, when the New York City-based financial services company predicted its average price would be $31 per ounce in 2013, falling to $26.50 per ounce in 2014.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

Freeman, Francesca. “Citi Cuts 2013 Gold Forecast; Upgrades Platinum, Palladium Outlook.” Dow Jones Newswires. 21 Jan. 2013.
(http://www.foxbusiness.com/news/2013/01/21/citi-cuts-2013-gold-forecast-upgrades-platinum-palladium-outlook/). 21 Jan. 2013.

Kollmeyer, Barbara. “Gold steady as Citi cuts its price forecast.” MarketWatch. 21 Jan. 2013. (http://www.marketwatch.com/story/gold-slightly-up-citi-cuts-its-2013-gold-forecast-2013-01-21?link=MW_latest_news). 21 Jan. 2013.

Badkar, Mamta. “Citi: Here’s What The World’s Most Important Commodities Will Do In 2013.” Business Insider. 26 Nov. 2012.

Tags: , , , , , , , ,

Monday, January 21st, 2013 Commodities, Investing, Precious Metals

No comments yet.

Leave a comment

Current ye@r *



Christopher E. Hill, Editor
12,096 Visits in July
466,424 Visits from
11/22/10-7/31/14
Please Rate this Blog HERE
NEW! Advertising Disclosure HERE
ANY CHARACTER HERE
ANY CHARACTER HERE
New Affiliate Partner! BulletSafe
ANY CHARACTER HERE
New Affiliate Partner! BUDK
ANY CHARACTER HERE
Free 5.11 Tactical hat, T-Shirt or Gym bag w/ purchase New Affiliate Partner! CHIEF Supply
ANY CHARACTER HERE
Buy Gold and Silver JM Bullion Reviewed HERE
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
ANY CHARACTER HERE
Save 7.5% today! Click the banner to learn how.Brownells Reviewed HERE
ANY CHARACTER HERE
BullionVault BullionVault.com Reviewed HERE
ANY CHARACTER HERE
Pyramyd Air is your one-stop shop for everything airgun related.PyramidAir.com Reviewed HERE
ANY CHARACTER HERE
Airsoft Megastore Reviewed HERE
ANY CHARACTER HERE
RealtyTrac RealtyTrac Reviewed HERE
ANY CHARACTER HERE
 

Categories

Archives