CS Precious Metals 13-12-06 Outlook 2014 |
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The gold price is likely to recover from its historic slump this year and increase moderately in 2014. Investment demand should gradually revive. In conjunction with robust demand from Asia, this indicates upward movement in the gold price to $1,400 per troy ounce by the end of 2014. In the wake of gold, and boosted by growing industrial demand, the silver price should also be able to make good some of its losses next year. As a result of supply problems and rising demand, platinum and palladium are also likely to show supply deficits in 2014, supporting higher prices.
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