Macquarie Cuts Brent, WTI Annual Price Forecasts
Sept 13 (Reuters) -MACQUARIE:
CUTS ITS PRICES FORECASTS FOR BRENT TO $80/BBL FROM $82/BBL AND WTI TO $75/BBL FROM $77/BBL FOR 2024
SAYS OUR FY '25 OUTLOOK IS UNCHANGED WITH WTI AVERAGING $65/BBL AND BRENT AVERAGING $69/BBL
REVISES GOLD PRICE FORECASTS HIGHER, LOOKING FOR A QUARTER AVERAGE CYCLICAL PEAK IN 1Q25 OF $2,600/OZ, WITH POTENTIAL FOR A SPIKE TOWARDS $3,000/OZ
PREDICTS GOLD PRICES TO AVERAGE AROUND $2,339/OZ IN 2024
SEES SILVER PRICES IN 2024 TO AVERAGE AT $27.87/OZ
FORECASTS PALLADIUM PRICES AT $985/OZ FOR THE REST OF THE YEAR
SAYS PLATINUM PRICES WILL AVERAGE AROUND $973/OZ IN 2024
SEES COPPER PRICE AT $9,184/TONNE FOR THE REMAINDER OF 2024
FORECASTS ALUMINIUM PRICES FOR 2024 AT $2,390/TONNE
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