HSBC cuts gold price forecast to $1,850

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Source: Commodityonline

HSBC cut its gold price forecast to $1,850 from $2,025 for this year and to $1,800 an ounce from $1,850 for 2013. The bank did not changed the forecast for the period between 2015 and 2019, expecting the gold price to fall to $1,500.The bank says the gold is likely to recover this year and the market sentiment will remain bullish supported by global economic uncertainty.

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Fri, 06 Jan 2012 15:48:04 GMT

Switzerland's CPI decreases by 0.2% in December

Swiss CPI decreased more than initially projected in December, according to official data. The indicator remained at minus 0.2% seasonally adjusted unchanged from November, reported Swiss Federal Statistical Office. Experts expected the consumer price inflation to decline by 0.1% in December.

Fri, 06 Jan 2012 15:47:32 GMT

Euro Zone unemployment rate steady at 10.3% in November

Euro Zone's unemployment rate remained steady at the record high of 10.3% seasonally adjusted in November, reported Eurostat. The number of people unemployed jumped by 45,000 in November to 16.372 million. The unemployment rate was in compliance with expectations.

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