Deutsche raises gold, nickel forecasts

DEUTSCHE Bank has raised its price forecasts for oil and gold as geopolitical tensions continue in the Middle East, and said demand from stainless steel makers would drive nickel higher. It has also boosted its platinum estimate and cut palladium.

Deutsche raises gold, nickel forecasts Deutsche raises gold, nickel forecasts Deutsche raises gold, nickel forecasts Deutsche raises gold, nickel forecasts Deutsche raises gold, nickel forecasts

Supply side fundamentals are weighing more heavily on base metals forecasts as risks to a recovery in western world industrial production mount, the bank said.

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