ScotiaMocatta Survey Calls for Mixed Gold, Silver Market Prospects

Source:

Clients surveyed by ScotiaMocatta offered three-month forecasts for gold and silver, which range, respectively from US$575 to $759/oz, and US$10 to $16.30/oz. Twelve-month gold and silver forecasts range from $500 to $875/oz, and $9.50-$20/oz.

Scotiabank's ScotiaMocatta Precious Metals Division suggests mixed market prospects for gold and silver over the next three months, although the long-term uptrend is expected to continue.

In their Precious Metals Quarterly analysis, ScotiaMocatta noted that "the market has been generally quiet during March but this is expected to change as the second wedding season in India picks up and merchants there build up inventories."...

Clients surveyed by ScotiaMocatta offered three-month forecasts for gold and silver, which range, respectively from US$575 to $759/oz, and US$10 to $16.30/oz. Twelve-month gold and silver forecasts range from $500 to $875/oz, and $9.50-$20/oz.

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