Platinum – Mineweb reported that according to HSBC, the platinum deficit will reach 844,000 ounces this year. However, the bank has cut its 2013 price outlook for the metal to $1,580 per ounce from $1,710 per ounce, also lowering its 2014 forecast to $1,725 per ounce from $1,800 per ounce.
Articles Tagged "hsbc"
Palladium – The Globe and Mail reported that Raymond James analyst Alex Terentiew has downgraded North American Palladium Ltd. (TSX:PDL,AMEX:PAL) to "market perform" from "outperform," while Sam Crittenden, an analyst at RBC Dominion Securities, moved his rating from "sector perform" down to "underperform."
Silver – Silver began the week on a positive note, but took a fall midweek. Meanwhile, HSBC has cut its 2013 and 2014 forecasts for the metal.
Gold – The CFTC is reportedly discussing manipulation of London gold and silver prices.
Platinum – Reuters reported that platinum hit a 3-month high on Monday and is in close proximity with gold, as the possibility of supply outages in South Africa triggered a buying frenzy.
Palladium – Mineweb reported in a recently published analysis, HSBC lowered its average palladium forecasts for 2012, 2013 and 2014, but it expects the market rally.
Gold – Marketwire reported that according to a recently-released HSBC report, gold could rise to $1,900 per ounce by the end of 2012.
Silver – A broad sell-off coupled with negative manufacturing data didn't stop silver's rise on Friday. Are the gains sustainable?
Gold – MarketWatch reported that HSBC revised its 2012 gold forecast lower after the metal's poor performance in the last quarter of 2011.
Silver – Silver Investing News readers are intrigued to down right passionate when it comes to the topic of silver price manipulation. In a recent survey, we asked the question, “Do you believe the silver market is rigged?” to which an eye-popping 66 percent responded, “Yes!”