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
"Tragically funny how easily patriotism dissolves when money is involved! "
"Yes and they are at this time allowing Epic City, a muslim wet dream to be constructed near Dallas…"
"Muslim celebration at Grand Prairie water park canceled after Gov. Abbott threatens to pull city…"
"I guess with coming solar flares that sent societies underground before arrives in the near future…"
'Showbiz' Don to Release Xenu Upon the Public
New York Post says the other files will be released Friday. If there ever was a Disclosure from…See More
Jerusalem Syndrome - Israel/Palestine
August 2006For some, visiting Jerusalem brings them a little too close to God. Dozens of tourists develop 'Jerusalem Syndrome', believing they have a messian...
So you Don't Think Communist China is Buying Off the Democrat Party?
California Democrats Just Joined Hands With Communists Funded From ShanghaiPosted on …See More
681373888_994247376374814_9118727954735788138_n
"But Wait Folks... There's even more, even more than more in this ugly situation. A story of…"
"Ning is working on theproblem. Their reply:
"Hello, Thank you for notifying us.We are…"
The Day of the Dolphin (1973) Original Trailer [FHD]
Directed by Mike Nichols. With George C. Scott, Trish Van Devere and Paul Sorvino.The Day of the Dolphin Blu-ray : https://amzn.to/3W9bfbxThe Day of the Dolp...
"I issued a ticked concerning your report. "The rgeular format is not appearing on the…"
© 2026 Created by truth.
Powered by
