Canada’s Scotiabank: gold to average above $1,900 over year Nickel over 50%.
April 27, 2022
“In a report published Monday, Marc Desormeaux, senior economist at Scotiabank, said that despite gold's recent more than 5% drop from $2,000, he is increasing his forecast for the precious metal.
The Canadian bank now sees gold prices averaging the year around $1,900, up from the previous forecast of $1,800.”
…..
“Helping to keep inflation elevated is the broad-based rise in commodity prices. Scotiabank is raising their base metal price, with nickel prices expected to rise 50% this year.”
On April 19th Scotiabank raised its Karora target price from C$6.50 to C$7.25.
Inflation will keep gold prices above $1,900 even as the Fed raises rates - Scotiabank
https://www.kitco.com/news/2022-04-27/Inflation-will-keep-gold-prices-above-1-900-even-as-the-Fed-raises-rates-Scotiabank.html
https://www.defenseworld.net/2022/04/19/scotiabank-boosts-karora-resources-tsekrr-price-target-to-c7-25.html