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



Please Rate this Blog HERE
Christopher E. Hill, Editor
10,773 Visits February 2015
550,836 Visits 11/22/10-2/28/15

Limited Time Offers

Via Banner Ads Below (navigate to vendor home page if necessary):
ANY CHARACTER HERE
+Airsoft Megastore 25% Off Order Or Free Shipping (codes req.)
ANY CHARACTER HERE
+BUDK $4.99 Flat Rate Shipping (code req.)
ANY CHARACTER HERE
+BulletSafe Bulletproof Baseball Cap $119 Pre-Order Price; Bulletproof Backpack Panel $99
ANY CHARACTER HERE
+JM Bullion 1 Oz. Sunshine Silver Bar 99¢/Oz. Over Spot Any Qty.
ANY CHARACTER HERE
+My Patriot Supply Survival Seed Vault $29.95
ANY CHARACTER HERE
+Nitro-Pak Mountain House Freeze-Dried Food Up To 50% Off All #10 Cans/Pouches; $540 Value Bonus Pak Free With Select Food Kits
NEW! Advertising Disclosure HERE
ANY CHARACTER HERE
Free UPS ship to store on all Tractor Supply Company orders! Shop now! Tractor Supply Co. Review Coming Soon
ANY CHARACTER HERE
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
Food Insurance Reviewed HERE
ANY CHARACTER HERE
BullionVault BullionVault.com Reviewed HERE
ANY CHARACTER HERE
CHIEF Supply Reviewed HERE
ANY CHARACTER HERE
BulletSafe Reviewed HERE
ANY CHARACTER HERE
Survival Titles Save 20% Paladin Press Reviewed HERE
ANY CHARACTER HERE
BUDK Reviewed HERE
ANY CHARACTER HERE
 Buy 4 of any ammo, pay for 3! Lowest priced ammo is free. PyramydAir.com Reviewed HERE
ANY CHARACTER HERE
Airsoft Megastore Reviewed HERE
ANY CHARACTER HERE
 

Categories

Archives