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RBS Cuts Several 2012 Metal Forecasts; Raises Silver Outlook

LONDON -(Dow Jones)- Royal Bank of Scotland PLC (RBS) Friday reduced its 2012 price outlook on a range of metals, including gold, while slightly increasing its average price forecast for silver. The bank cut its gold forecast for this year by 1%, to $1,725 a troy ounce, and its palladium forecast by 9%, to $725/oz. RBS increased its silver price forecast for 2012 by 3% to $33.00/oz, and cut its 2012 outlook for aluminum, lead, zinc and nickel. -By Francesca Freeman, Dow Jones Newswires; +44 (0)20 7842 9412; [email protected]

Stock News for Royal Bank of Scotland Grp. (RBS)
DateTimeHeadline
02/27/201712:24:00RBS CFO Ewen Stevenson Buys 30,000 Shares
02/24/201716:52:00ADRs End Lower; Baidu, Grana y Montero Trade Actively
02/24/201704:15:00RBS Loss Triples on Conduct Charges, Flags Cost Cuts -- Update
02/24/201702:58:00RBS Flags Cost Cuts as Loss Triples
02/20/201702:52:00SUBSCRIBERS: RBS, HMT Seek Amendment to RBS's State Aid Commitments...
02/17/201716:34:00RBS May Forgo Bank Branch Sale
02/03/201712:16:00RBS Fined $85 Million Over Interest-Rate Benchmark--Update
02/03/201711:17:00CFTC Fines Royal Bank of Scotland $85 Million Over Attempted...
01/27/201703:02:00RBS Bolsters Funds to Cover U.S. Legal Settlements -- WSJ
01/26/201710:29:00RBS Sets Aside $3.8 Billion for U.S. Mortgage Settlement -- 3rd...
01/26/201704:16:00RBS Sets Aside $3.8 Billion for U.S. Mortgage Settlement -- 2nd...
01/26/201703:13:00RBS Sets Aside $3.9 Billion for U.S. Mortgage Settlement -- Update
01/26/201702:46:00RBS Sets Aside $3.9 Billion for U.S. Mortgage Settlement
01/17/201711:37:00Italy Hires Banks for September 2033 BTP Syndication
01/17/201704:52:00Standard Life Investment Property Sells Office Building in Cheltenham...
01/04/201704:29:00UK Regulator Sees Competition Concerns over Mastercard, VocaLink...
12/06/201603:02:00Finance Watch -- WSJ
12/05/201604:50:00RBS Settles Dispute With Three Shareholder Groups
12/05/201604:34:00RBS Settles Dispute With Three Shareholder Groups Over 2008 Rights...
12/05/201602:56:00RBS Settles 2008 Shareholder Rights Issue Litigation

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