Posts Tagged Morgan Stanley
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Analysts mixed on commodities outlook
Posted By : Daniel Kiernan on December 2nd, 2011
Location : gold
Investment banks have put out differing forecasts for commodities next year as the US economy and Eurozone crisis take their toll and global growth forecasts are revised down.
JP Morgan downgraded its commodity forecast to underweight last month while Morgan Stanley recently advised that slower GDP outlook means commodity investors need to be more selective with their positioning and exposure to certain commodities.
Morgan Stanley’s analysts said in a note: “We are more selective about commodity exposure, preferring relative…
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Gold Climbs as European Crisis Spurs Demand
Posted By : Daniel Kiernan on October 3rd, 2011
Location : gold
Gold advanced for a third day on concern that Europe’s sovereign-debt crisis may not be contained, spurring investors to buy the metal to guard their wealth against a potential slowdown in the global economy.
Immediate-delivery gold climbed as much as 1.4 percent to $1,647.35 an ounce, and traded at $1,646.98 at 2:50 p.m. in Singapore. The precious metal, which reached an all-time high of $1,921.15 on Sept. 6, climbed 8.2 percent in the three months to Sept. 30 for a 12th quarterly advance. December-delivery bullion gained as much as 1.7 …
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