Morgan Stanley cuts gold forecast

Author: Adam Button | Category: News

Author: Adam Button

  • 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.