Morgan Stanley to Goldman Cut Gold Forecasts on Fed Outlook
25 June 2013, by Glenys Sim (Bloomberg)
Excerpt:
Morgan Stanley cut its 2013 target to $1,409 an ounce from $1,487, reduced its prediction for 2014 to $1,313 from $1,563, and trimmed its 2015 estimate to $1,300 from $1,450.
The bank also lowered its gold and silver forecasts through 2018, analysts Peter Richardson and Joel Crane wrote in a report.
Goldman cut its 2013 year-end price target to $1,300 from $1,435 and lowered the 2014 prediction to $1,050 from $1,270.
HSBC yesterday reduced their 2013 forecast to $1,396 from $1,542 and trimmed their 2014 estimate to $1,435 from $1,600.
Credit Suisse Group Inc. lowered its estimates today.
Also see:
Goldman cuts 2013, 2014 gold forecasts
24 June 2013, by Francesca Freeman (MarketWatch)
http://www.marketwatch.com/story/goldman-cuts-2013-2014-gold-foreca...
Morgan Stanley to Goldman Cut Gold Forecasts on Fed Outlook
Replies to This Discussion
-
Permalink Reply by mystery on
-
China importing 2000 tons of Gold by 2016 ‘not inconceivable
China may be importing 2000 tons of gold by the time it is 2016 which would roughly be equal to 80% of the total global gold mine supply, said Standard Chartered in a report cited by Bloomberg News, noting that such a feat is not something ‘inconceivable’.
“Although it is the world’s largest producer of gold, 40 percent of its production uses imported gold in concentrates,” Standard Chartered noted.
Meanwhile gold output by China may jump 10% to 440 tons this year, China’s mining association said last week.
This development is in sharp contrast to India: the nation mined miniscule amounts of gold in 2013 YTD and has,unlike China placed curbs on gold imports. China has approved of a set of domestic ETPs in gold this month even as India has raised import duties on gold to 8%.
This may eventually lead China to surpass India in bullion consumption, China Gold Association said last week.
-
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
2073 - Official Trailer
It’s the year 2073, and the worst fears of modern life have been realized. Surveillance drones fill the burnt orange skies and militarized police roam the wr...
"We have American soldiers coming home from serving in the Middle East under 14 different…"
RISE OF THE RAINBOW CHILDREN (2021)
📺AMAZON/FIRESTICK/ROKU: Thescariestmovieever.tv https://watch.thescariestmovieever.tv/webtv-v3/
💯EMERGENCY FOOD SUPPLIES HERE (*Specials):…
© 2025 Created by truth.
Powered by
