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SuperMike

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SuperMike

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Tuesday, 10/04/2011 6:48:01 AM

Tuesday, October 04, 2011 6:48:01 AM

Post# of 1381
Credit Suisse lifts '12 gold outlook 19% to $1,850

Credit Suisse Tuesday raised its 2012 gold and silver forecasts, while cutting its outlook for platinum group metals.

The bank raised its 2012 forecast for gold 19% to $1,850 a troy ounce, while upping its silver outlook for next year by 12% to $34/oz.

Credit Suisse cut its 2012 forecasts for the platinum group metals, reflecting its downgrades of several base metals, including copper.

The bank revised its platinum forecast for next year down 9% to $1,775/oz and slashed its palladium outlook 23% to $771/oz.



http://www.marketwatch.com/story/credit-suisse-lifts-12-gold-outlook-19-to-1850-2011-10-04
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