Deutsche Bank: gold to hit 1,800 US Dollars per ounce, silver-34 US Dollars per ounce in Q2

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Source: Commodityonline
Deutsche Bank announced that it maintains the bullish outlook for precious metals. The bank expects the gold to average at 1,800 US Dollars per ounce in Q2 and at 1,900 US Dollars per ounce in Q4. At the same time, silver price is likely to hit 34 US Dollars per ounce and 40 US Dollars per ounce in Q2 and Q4, respectively. Other precious metals like platinum and palladium are projected to attain 1,500 and 670 US Dollars per ounce in Q2 and 1,650 and 770 US Dollars per ounce in Q4, respectively.


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Mon, 20 Feb 2012 12:24:31 GMT

Deutsche Bank: solid base metals in Q2

Deutsche Bank expects the industrial metals to be firm in Q2 as China's and Europe's economic situation is likely to stabilize. Copper is expected to average at 9,000 US Dollars per ton in Q2 while the metal's price is likely to fall to 8,500 US Dollars per ton in Q3 and recover to 8,700 US Dollars per ton in Q4.

Mon, 20 Feb 2012 11:45:47 GMT

Grain futures ended the week on a positive note

Grain futures in the US ended the week on the positive note. The soybean futures for delivery in March, were the top gainers, trading at 12,6662 US Dollars per bushel as China signed a contact on record high US soybean purchases. At the same time, corn and wheat also moved higher on the expected higher demand for US grain supplies.

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