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
IT IS MA'AM! Full Transgender Freakout Video
Subscribe for more!Follow us on Instagram instagram.com/trumped.america
Blackout
"ps - Some Trump fans are concerned over these latest stunts but look how he gives the stage over to…"
Stargate (1994) Official Trailer HQ
An interstellar teleportation device, found in Egypt, leads to a planet with humans resembling ancient Egyptians who worship the god Ra.
Blackout
"Well folks something is going down and the blackout seems to have a favourable tint to to it.…"
The Deadly Secret ( A short Story) or is it?
The Deadly Secret Chapter OneI haven’t lived a normal existence for a long time now. I look over my…See More
When Havoc Struck - Bel Air Fire 1961 - 1978 TV Series Glenn Ford
Here is the complete "Bel Air Fire" episode of the TV series "When Havoc Struck" from 1978. Includes intense footage and dramatic interviews from survivors o...
Living a Lie
Living a Lie She is like a pearl in the sands of the shorePerhaps a fantasy that could become moreA…See More
Killbillys
"Could it be that B.G. is an AI controlled drone who seeks to advance the goals of the advanced AI…"
FB_IMG_1737188817344
"It's as if it jumped the bush it had no appetite for and raced off to what it wanted to fuel…"
"Every comment here looks like they are all on the same page"
Black Rock
"Black Rock, the sixth rock from the sun, is Saturn (Satan). Saturn has one day of the week,…"
DARPA Avatar Project - A Sentient World Simulation
"Is artificial intelligence and its power consumption a driving force behind the need for more…"
© 2025 Created by truth.
Powered by
