Thursday, January 14, 2016

Barclays cuts 2016 average gold, silver price forecasts

Barclays has pegged average gold prices at $1100/oz for 2016 (compared to previous forecast of $1,150/oz), $1200/oz for 2017.

Average silver prices would be at $14/oz for 2016 (compared to previous forecast of $16/oz), $15.75/oz for 2017 (compared to previous forecast of $16.75/oz).

Barclays forecast average copper price at $1.98/lb for 2016 (compared to previous forecast of $2.55/lb), $1.90/lb for 2017 (compared to previous forecast of $2.30/lb)

Average zinc price has been forecast at $0.75/lb for 2016 (compared to previous forecast of $1.04/lb), $0.85/lb for 2017 (compared to previous forecast of $1.15/lb).

Barclays put average nickel price at $4.25/lb for 2016 (compared to previous forecast of $5.00/lb), $5.00/lb for 2017 (compared to previous forecast of $5.75/lb),

Barclays has said average lead price would be at $0.80/lb for 2016, $0.90/lb for 2017

"Overall, while we expect base metals and bulks to remain under pressure we expect gold to find some support in 2016.".

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