Morgan Stanley cuts gold forecast

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  • Lowers 2011 gold forecast by 8% to $1677/oz
  • Lowers 2013 gold forecast by 16% to $1816/oz
  • Copper 2012 forecast cut to $3.60/pound (spot at $3.35)
  • 2013 copper lowered 8% to $3.78/pound

They say gold still remains a ‘preferred exposure’ but demand risks sparked to forecast change.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.


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  1. Been following the Sterling calls – nice. Would be stunning to see the Pound reverse the weekly and monthly candles most recently put in – same goes for the other non-dollars.

    Copper/Gold/Aussie correlation is one to watch.

  2. Glad you were following along 45teeth

  3. “Lowers 2011 gold forecast by 8% ”
    Do you mean 2012.?? typo….

  4. Hmmm… not sure what to think as I’m overweight in precious metals. No doubt central banksters will continue to print money which flies in the face of a lower forecast.


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