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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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column