HSBC cuts 2013 gold price outlook

 

Major bullion bank HSBC cut its 2013 average gold price forecast to $1,760 an ounce from $1,850.

It kept its 2014 gold forecast at $1,775 an ounce and introduced a 2015 forecast of $1,675 an ounce.

The bank left its 2013 and 2014 silver, platinum and palladium forecasts unchanged.