Natixis Commodity Markets Ltd. Monday raised its 2011 and 2012 spot gold forecasts but revised its platinum group of metal prices slightly lower.

In its quarterly metals review Natixis raised its 2011 spot gold price forecast by 6% to $1,600 a troy ounce, from $1,510/oz in its July review. It also increased its 2012 gold price by 11.5% to $1,450/oz from $1,300/oz.

Natixis lowered its 2011 silver forecast 2.2% to $36/oz, but raised its 2012 forecast 1.9% to $27.50/oz.

Meanwhile the bank lowered its 2011 platinum price forecast by 2.2% to $1,770/oz and its 2011 palladium price by 5% to $760/oz. It didn’t change its 2012 prices, leaving both unchanged at $1,800/oz and $875/oz respectively. – Source: (MarketWatch)