Commerzbank lowered its gold cost forecast for late 2022 to $ 1,800 an ounce, anticipating gold to get back significantly of its luster from the starting of next year onwards.
Commerzbank also predicted that the price tag of gold in 2023 would access $ 1,900 an ounce, compared to the past forecast of $ 2,000.
Commerzbank decreased its forecast for the value of silver to $ 20.50 an ounce at the close of the 12 months from $ 24 and to $ 25 at the finish of 2023 from $ 27.
(Reuters)
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