Morgan Stanley cuts gold price outlook

Note: This section contains information in English only.
Source: Bloomberg
Morgan Stanley, one of the largest American investment banks, decided to decrease its outlook for gold prices for this year and in 2015, as a rise on stock markets reduces necessity to invest in non-risky assets, including gold. Therefore, according to the fresh outlook, analysts' predictions were cut 12% to $1,160 per ounce for this year, while the next year's target was reduced 13% to $1,138.
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Wed, 22 Jan 2014 11:31:03 GMT

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