News

Morgan Stanley boost their forecast for gold

MS citing dovish Federal Reserve, a weakening USD dollar, uncertain global economic outlook, lower yields.

  • Real yields close to zero would reduce demand for yielding USD assets
  • could increase demand for gold
  • negative territory could generate considerable further upside for gold’s price

Gold price forecast

  • to average USD1435 in H2 of this year
  • 2020 USD1,338

Strong price through H1 2020, then stabilising, lower as rates are kept on hold, economic activity recovers

MS add risks to view are skewed to the upside

t for /oz

MS’ Fed outlook is for a 50bp rate cut in July

ForexLive

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