Commerzbank lowers gold, silver forecasts on growing risks

Published Date: 
Friday, June 6, 2014

Commerzbank has lowered its 2014 price forecasts for both gold and silver because of growing downside risks, it said. Its forecast for the year-end gold price now stands at $1,350 per ounce, down $50 on its previous prediction, while also lowering silver to $21, in said in a research note on Friday.

Recent Articles

Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.

Gold Eagle twitter                Like Gold Eagle on Facebook