[T.S.R:17379] Citigroup Global Commodities Team Forecasts Gold and Silver to Average $900/oz and $19/oz stretching upto 2017

PRICE SLUMP: Commodities fell across the board after new reports offered signs a slowing economy. That is creating questions about the pace of economic growth in the months ahead.

 

FED STIMULUS: Investors are trying to determine how the economy will fare after the Federal Reserve ends a $600-billion bond-buying program at the end of June. The program went into effect in November to stimulate the economy.

 

METALS TARNISHED: Metals used in manufacturing fell after the Philadelphia Federal Reserve Bank said its monthly measure of manufacturing sank to its lowest reading since October. Gold settled flat and silver settled  a bit lower.
 

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

 

Nothing in this article is, or should be construed as, investment advice.

 

 

 

 

 

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