Commodities

Barclays cuts 2016 average gold, silver price forecasts

Reuters | Updated on January 19, 2018 Published on January 14, 2016

commodities1401

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.".

Published on January 14, 2016
This article is closed for comments.
Please Email the Editor