In addition to the Gold price, economists at Commerzbank have also lowered their price forecasts for the other precious metals.
Forecast change for Silver, Platinum an Palladium
We expect prices for Silver, Platinum and Palladium to rise over the course of the year.
The reason for Silver is the same as for Gold, namely the Fed interest rate cuts we expect from the middle of the year. We also think that Silver can make up some of the ground it has lost against Gold. We are lowering our price forecast for the end of the year to $28 per troy ounce (previously $30).
We see the price of Platinum at $1,100 at the end of the year (previously $1,200) and Palladium also at $1,100 (previously $1,200).
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.