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 Misteri 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
How Did the Soviets First Discover the SR-71 Blackbird?
Although President Lydon Johnson announced the development of the Lockheed SR-71 in 1964 which…See More
"Personally, I don't consider Don Lemon or people like him to be journalists at all. They are…"
The Farmer vs the Billionaire — Jeremy Clarkson Says NO to Bill Gates’ £100 Million Deal | UK News
OFFICIAL NOTICE: This channel is NOT Jeremy Clarkson, is not affiliated with him, and does not represent his official views or Diddly Squat Farm. This is an ...
The Forbidden Canyon and It’s Residents
Chapter OneSituated 10 miles from Mount Jefferson in the Oregon wilderness a forest researcher…See More
G_LrzqtXMAAhT7w
"He would never do that. Mosques and Synagogues are out of the question, only Christianity is free…"
Disgraced Former CNN Anchor Don Lemon Arrested
No longer an employed journalist, Don Lemon had been seen with far left agitator, Nekima Levy…See More
The Illusion of Fuck You Money
The United States use to have this idea that once you make enough money, you.can do as you want.…See More
The Human Antenna - OFFICIAL FILM
THE HUMAN ANTENNA - Can We Reverse The Trans Humanist Agenda?MORE INFORMATION: → www.humanantennafilm.com ← MASTERPEACE: https://mphcs.com/PrimeEarthHuman En...
"PS Not sure this video will last much longer."
" Deflection ~ Away from Themselves ! example. -->…"
Hi-Rez & Jimmy Levy - This Is A War (Official Video)
Disclaimer: The views, information, opinions and/or activities expressed in this video are solely those of the individuals appearing in the video, and do no...
© 2026 Created by truth.
Powered by
