Deutsche Bank lowers metals' price forecast for 2012

Deutsche Bank AG cut the forecast for metals' prices for this year citing negative economic outlook and high probability of firmer dollar. Industry metals faced the most essential cuts with nickel's expected price was decreased by 19% to $18,625/ton, copper by 18.8% to $7,350/ton and aluminium by 17.8% to $2,138/ton. Precious metals are also likely to fall with gold falling by 3.9% to $1,825/oz, silver declining by 9.8% to $37/oz while palladium and platinum both tumbling by 12.8% to $698/oz and by 18.7%, to $1,525 a troy ounce, respectively.