(Kitco News) -Commerzbank looks for gold and other precious metals to slowly regain their luster in 2014.
The bank listed a full-year average forecast of $1,300 an ounce for gold, but also looks for the metal to climb back toward the $1,400 area by year-end. Other full-year average forecasts include silver, $21.50; platinum, $1,475; and palladium, $760.
Commerzbank looks for each of these metals to rise further in 2015, calling for gold to average $1,425 then, silver $24.50, platinum $1,625 and palladium $840.
(Reuters) - India's silver imports rose to a three-month peak in October and are on track to hit a record this year, data from Thomson Reuters GFMS showed, as buyers opt for the precious metal instead of expensive gold to meet high seasonal demand.
More shipments by the world's top buyer may help underpin global silver prices that have slumped 37 percent so far this year - their biggest annual drop in at least three decades.
Gold Analysis & Opinion - A Culture of Gold - One of the most important elements of Eastern gold demand is that it is not limited to educated investors or the higher classes, as often seems to be the case in the West.
Throughout Asia, no matter one's social status, precious metals are the first assets people choose to protect their wealth. There is not even a glimmer of doubt about the enduring value of hard money.