from Kitco News

Market Nuggets: Deutsche Bank: Weaker Dollar Sustaining Uptrend In Precious Metals 15 April 2011, 9:31 a.m.  By Kitco News  http://www.kitco.com/

(Kitco News) -- In assessing the precious-metals outlook, Deutche Bank says it views upside inflation risks as more likely than positive growth shocks in the U.S. "This should mean that when the Fed eventually tightens monetary policy, it will not derail the rally in precious metals," the bank says. "In the meantime ongoing weakness in the U.S. dollar should sustain the uptrend in precious-metal prices, in our view." The bank's revised 2011 price forecasts are $1,571 in gold (down 1.8% from Deutsche Bank's previous forecast); silver, $38.43 (up 1.9%); platinum, $1,850 (unchanged); palladium, $874 (down 0.1%); and rhodium, $2,484 (down 0.7%). By Allen Sykora of Kitco News; asykora@kitco.com