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.


The term “carat” comes from “carob seed,” which was standard for weighing small quantities in the Middle East.

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