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
FLUORIDEGATE: An American Tragedy. a film by Dr. David Kennedy
FLUORIDEGATE: An American Tragedy, is a feature documentary that reveals the tragedy of how government, industry and trade associations protect and promote a...
Rendezvous With The Unknown
Rendezvous With the Unknown Chapter I It was about 9:00 am when I received a text on my phone from…See More
"ah ha - a Tartarian cuisine component lurks inside good old Tartar Sauce. Who would have thought.…"
Shadows in the Wind
If you think that life is but a game you can winYou’re just a shadow in the windConveniently…See More
Mossad: we create a pretend world, we are a global production company... the world is our stage
60 Minutes interviews alleged Mossad agent"we create a pretend world, we are a global production company......the world is our stage."_______________________...
The Alvin II Encounter: Was There A Living Dinosaur Involved?
The year is 1965 in the Caribbean islands at a 5-thousand-foot depth in the dark Atlantic waters.…See More
All In The Family | Mike Meets Archie For The First Time | The Norman Lear Effect
Gloria (Sally Struthers) has a new boyfriend called Michael (Rob Reiner) and she is very excited to introduce him to her parents (Carroll O'Connor and Jean S...
entitlement
Congress makes Social Security that we paid in our whole lives into to some government giveaway and…
Death Threats for Assisting ICE?
An Idaho Bar Helped ICE And Faced This Sick Backlash From DemocratsDecember 10, 20254 minute read…See More
'They’re Waiting for Us to Die': Area 51 Veterans Plead for Trump’s Help | Elizabeth Vargas Reports
Congress quietly killed the one fix that could have helped America’s “Area 51 veterans” prove where they served — and get the care they say they’ve earned.WA...
© 2025 Created by truth.
Powered by
