RBS Cuts Several 2012 Metal Forecasts; Raises Silver Outlook

Date : 05/04/2012 @ 4:11AM
Source : Dow Jones News
Stock : Royal Bank of Scotland Grp. Plc New (The) Ads (RBS)
Quote : 6.51  0.0 (0.00%) @ 8:17AM

RBS Cuts Several 2012 Metal Forecasts; Raises Silver Outlook

Royal Bank of Scotland Grp. Plc New (The) Ads (NYSE:RBS)
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Royal Bank of Scotland PLC (RBS) Friday reduced its 2012 price outlook on a range of metals, including gold, while slightly increasing its average price forecast for silver.

The bank cut its gold forecast for this year by 1%, to $1,725 a troy ounce, and its palladium forecast by 9%, to $725/oz.

RBS increased its silver price forecast for 2012 by 3% to $33.00/oz, and cut its 2012 outlook for aluminum, lead, zinc and nickel.

-By Francesca Freeman, Dow Jones Newswires; +44 (0)20 7842 9412; francesca.freeman@dowjones.com

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