Forex Flash: Gold to stay volatile; wide 1,575-1,950 range for 2013 - HSBC

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FXstreet.com (Barcelona) - HSBC gold prospects are lower for 2013, with the bank expecting an average price of to USD1,760/oz this year from USD1,850/oz "after factoring in the 2012 year-end price of USD1,675/oz, and leaving our 2014 forecast of USD1,775/oz unchanged" James Steel, Chief Commodities Analyst at HSBC Securities ( USA ) said, adding that "a wide USD1,575/oz to USD1,950/oz range for 2013 should be expected."



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This article appears in: Investing , Forex and Currencies

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