Commerzbank Revises Base Metals Price Forecasts

Nov 11 (Reuters) - COMMERZBANK:

• RAISES YEAR-END COPPER PRICE FORECAST FROM $9,600 TO $10,500 PER TON

• REVISES FORECAST FOR ALUMINUM UPWARD TO $2,900 PER TON (PREVIOUSLY $2,600) AND FOR ZINC TO $3,000 PER TON (PREVIOUSLY $2,800)

• LOWERES NICKEL PRICE FORECAST FROM $16,000 PER TON TO $15,000 PER TON

• SAYS "WE EXPECT GOLD TO REACH $4,200 PER TROY OUNCE IN THE COMING YEAR"

• SEES SILVER TO TRADE AT $50 PER TROY OUNCE, PLATINUM AT $1,700 PER TROY OUNCE, PALLADIUM AT $1,400 IN THE COMING YEAR

• EXPECTS BRENT OIL TO TRADE AT $60 PER BARREL IN 2026

• EXPECTS WTI OIL TO TRADE AT $57 PER BARREL IN 2026