Gold Price Forecast Morgan Stanley
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Gold price forecast morgan stanley. That premium changes based on market conditions and can increase when there are disruptions to the supply chain refinery capacity or transportation availability. The full year 2020 was a wild year for gold. For more morgan stanley research on global strategy ask your morgan stanley representative or financial advisor for the full report 2021 global strategy outlook.
At morgan stanley we lead with exceptional ideas. Dollar approaching its peak increases appetite for gold lisa shalett. Keep faith in the recovery nov 15 2020.
For silver it is 50 and for platinum it is 1 829. Gold 2200 silver 50 gold and livestock should be the biggest winners while zinc lead nickel and crude oil are most likely to underperform other commodity markets according to morgan stanley. The outlook comes as the precious metal struggled to find momentum after recently hitting a six year high.
A cut in the forecast for gold to 1 825 an ounce on average for 2021 from a previous 1 950 on the expected economic recovery published on november 15 2020 8 32 pm est have a confidential tip. Goldman sachs analysts particularly see the price of gold potentially rising to as high as 2 000 per ounce. The question now is just how bad it could get.
Morgan stanley raised its price forecasts for gold and silver on thursday citing enhanced contagion risk from the european debt crisis and continued uncertainty over us macroeconomic outlook. The gold price quoted on the exchange. In its latest gold forecast analysts at morgan stanley said that they are looking for prices to average at 1 435 an ounce during the second half of the year.
Roughly 160 they said noting this forecast assumed gold prices. Plus more ideas from morgan stanley s thought leaders. Morgan stanley s gold price forecast is 2 200 an ounce.