Friday 05 Sep 2008
S&P base case forecasts have gold at $750 falling to $500 long term, copper $3.25 falling to $1.
S&P's base-case metals prices include $750 per ounce gold from 2008 through 2010, with $650/oz gold in 2011 and $500/oz gold in the long term. For copper, the analysts predict $3.25/lb for 2008, $2.75/lb in 2009-10, $2/lb in 2011 and $1/lb for the long term.
