BNP Paribas cuts 2013 gold, silver price forecasts

Thu Jan 31, 2013 10:00pm IST

A GV Gold worker holds out gold dore nuggets produced at the Golets Vysochaishy mine in eastern Siberia September 28, 2012. REUTERS/Clara Ferreira Marques/Files

A GV Gold worker holds out gold dore nuggets produced at the Golets Vysochaishy mine in eastern Siberia September 28, 2012.

Credit: Reuters/Clara Ferreira Marques/Files

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REUTERS - BNP Paribas on Thursday lowered its 2013 price forecast for gold to $1,790 per ounce from $1,865 and for silver to $34.10 per ounce from $39.05.

The bank raised its 2013 price outlook for platinum to $1,740 per ounce from $1,705 and for palladium to $800 per ounce from $780, saying supply issues for the metals were supportive of prices.

(Reporting By Shruti Chaturvedi in Bangalore; Editing by Gerald E. McCormick)

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