Morgan Stanley say gold could fall to $800 under a scenario of

  • Another Chinese equity market correction
  • Start of rate-hike cycle in U.S.
  • Central bank selldown of reserves
  • MS says this would be a 'worse case' scenario for gold

A likely-case scenario for gold is $1,050/oz

  • Price drifts lower on Greek debt resolution
  • Robust or stable dollar
  • Weak oil

MS forecasts:

  • 2015 outlook of $1,190/oz for gold but say theirforecasts carry greater downside risk


Gold, daily: