• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Gold May Fall As Low As $800: Morgan Stanley -

    • Home
    • General
    • Gold May Fall As Low As $800: Morgan Stanley
Jul, 24th 03:24

gold-analysis

Gold’s recent dramatic descent began shortly after China revealed its gold reserves for the first time in six years.

On Sunday evening, gold plunged in thin trading to less than $1,100 an ounce and has been hovering near multiyear lows ever since. While plenty of gold bugs were swift to dismiss the China report as misleading, Morgan Stanley is pointing to longer-term trends that are sending the shiny stuff lower.

Analysts led by Tom Price now say the metal could fall as low as $800 an ounce.

They figure that the era of price stability that once ruled precious metals is now coming to an end. The Morgan Stanley chart below shows a rather stable line for gold, silver, palladium, and company, while other commodities, such as iron ore, have seen more volatility.

Option Banque has proven A+ Rating and Reviews on forex forums

Leave a Reply

Your email address will not be published.