World Top Stories News - bnp paribas platinum price forecast 2012 : Energy & BNP Paribas cut its gold price forecasts for 2011 through 2013, following the recent pullback in the precious metal's prices and said a further correction may be possible in the near term.
The brokerage said another episode of extreme risk aversion in the short term could potentially see gold correct further from its current level, as its sales offset losses in other asset classes.
Analyst Anne-Laure Tremblay, however, expects bullion to continue trend higher until 2013.
"We see the gold price peaking in 2013, as the market starts to anticipate monetary tightening in the United States, but do not expect a sharp fall thereafter," analyst Tremblay said in a note.
The brokerage now expects gold prices to average $1,730 an ounce in the fourth quarter, down from its earlier forecast of $2,170 an ounce. Its 2011 forecast is down to $1,580 an ounce from $1,635.
BNP also cut its 2012 price forecast to $1,950 per ounce from $2,080, while lowering its 2013 estimate to $2,125 an ounce from $2,200 an ounce.
Spot gold was down 1 percent on the day at $1,660 an ounce by 1444 GMT.
source af.reuters.com
price forecasts 2012 - 2018, HSBC, HSBC platinum prediction, prize chart platinum forecast, hsbc gold price forecast, outlook for silver 2012 HSBC, hsbc bank gold price, hsbc precious metal oulook 2011, hsbc precious metals outlook, hsbc prediction on gold, hssbc precious metals outlook, oil price bank pdf 2012 projection, outlook for platinum, palladium forecast 2012, platinum vs gold forecast, acronyms hsbc, hsbc outlook 2011, bnp paribas gold forecast report pdf, bnp paribas platinum price forecast 2012, boom gloom doom report pdf, forecast platinum price chart
The brokerage said another episode of extreme risk aversion in the short term could potentially see gold correct further from its current level, as its sales offset losses in other asset classes.
Analyst Anne-Laure Tremblay, however, expects bullion to continue trend higher until 2013.
"We see the gold price peaking in 2013, as the market starts to anticipate monetary tightening in the United States, but do not expect a sharp fall thereafter," analyst Tremblay said in a note.
The brokerage now expects gold prices to average $1,730 an ounce in the fourth quarter, down from its earlier forecast of $2,170 an ounce. Its 2011 forecast is down to $1,580 an ounce from $1,635.
BNP also cut its 2012 price forecast to $1,950 per ounce from $2,080, while lowering its 2013 estimate to $2,125 an ounce from $2,200 an ounce.
Spot gold was down 1 percent on the day at $1,660 an ounce by 1444 GMT.
source af.reuters.com
price forecasts 2012 - 2018, HSBC, HSBC platinum prediction, prize chart platinum forecast, hsbc gold price forecast, outlook for silver 2012 HSBC, hsbc bank gold price, hsbc precious metal oulook 2011, hsbc precious metals outlook, hsbc prediction on gold, hssbc precious metals outlook, oil price bank pdf 2012 projection, outlook for platinum, palladium forecast 2012, platinum vs gold forecast, acronyms hsbc, hsbc outlook 2011, bnp paribas gold forecast report pdf, bnp paribas platinum price forecast 2012, boom gloom doom report pdf, forecast platinum price chart
Related Post:
business
- Impact IBM buying Texas Memory Systems
- Why RBS faces huge fine over Libor scandal
- Ofcom probes John Darwin email hacking by Sky News
- European Union will ban the sale of luxury goods for Syria
- Why George Osborne criticised over £10bn IMF loan
- Alexander and Thomas Hunter face US fraud case stock scheme
- Wexford employment fair today april 20 2012
- U.K. drug maker Glaxo Sells Bulk of Over-the-Counter Drugs
- when will Apple to create 500 jobs at European headquarters in Cork
- UK will commit £9.3bn to the International Monetary Fund
- CIMB will acquire RBS Asia-Pacific units
- HBO streaming TV series and films in Australia
- HMRC tax credit news january 31 2012
- EITC offers a refundable tax credit to workers with low or moderate income
- Best Digital Compass Watches to buy
- new Ozeri Precision Digital Bath Scale 400 lb Edition prices sale
- How long did the first bank of the US last
- Israeli hacker has published details of hundreds of Saudi credit cards online
- More sales gloom for a host of high street retailers
- tesco profits prediction 2012-2013
- Fiat Gucci Edition Price Canada
- New Balance Duo Sport Watch Waterproof
- Powered by Article Dashboard money exchange rate canadian
- underground banking gold cd
- Auto Sales and Market Share in mexico
No comments:
Post a Comment