The Globe and Mail reports in its Tuesday, July 15, edition that Raymond James analyst Adam Low expects gold prices to average $1,350 (U.S.) per ounce between now and 2018, up from $1,300 (U.S.) (all figures Canadian unless otherwise stated). The Globe's Darcy Keith, Jody White and Dave Morris write in the Eye On Equities column that Mr. Low's price assumption from 2019 onward was also revised $50 (U.S.) higher to $1,250 (U.S.). For silver, he expects prices to trade in a range between $18.50 (U.S.) per ounce to $22 (U.S.) this year. He notes sentiment toward precious metal equities has been trending positively so far this year, although volatility levels have been low. Mr. Low says: "Gold continues to exemplify a metal in consolidation phase with volatility diminishing to 2001 levels. Investor attraction to names with operational stability, reducing risk profiles and flexible balance sheets are outperforming their peers." Mr. Low hiked his target on Detour Gold ($14.21) to $18 from $16. The analyst boosted Goldcorp ($29.81) to $31 (U.S.) from $27 (U.S.). As well, he elevated his target on Royal Gold ($82.15) to $93 (U.S.) from $83 (U.S.).