Morgan Stanley cuts gold forecast
- 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.