HSBC cut gold price forecast for 2012 to USD1,760 per ounce

Note: This section contains information in English only.
Source: Marketwatch
HSBC reduced its average gold price forecast for 2012 and 2013, citing the weakness of India's jewelry sector and fading hopes for the third round of quantitative easing in the US. The bank projects the gold price to average near 1,760 US Dollars per troy ounce in 2012 and near 1,775 US Dollars per troy ounce in 2013 as compared to 1,850 and 1,800 US Dollars per troy ounce previously expected. 


Back to articles

Actual Topics

Tue, 01 May 2012 11:10:46 GMT

Silver tumbled on lack of ETF buying

Precious metals were mixed in choppy Monday trade, being impacted by softer US Dollar and steady global equities.Gold balanced between inspiring personal income data from the US and price downgrade by HSBC. Personal income in the US rose by 0.4% in March, beating forecasts of a 0.3% gain while HSBC cut its average gold price forecast for 2012 from USD1,850

Tue, 01 May 2012 10:36:46 GMT

UK manufacturing PMI decreased more than projected

Manufacturing sector in the UK performed worse than initially expected in April, reported research group Markit.  UK's manufacturing PMI declined to 50.5 last month on a seasonally adjusted basis as compared to a March reading of 52.1. Experts predicted the PMI to decrease to 51.4 in April.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.