Morgan Stanley anticipated gold would certainly strike $4 800 per ounce by the 4th quarter of this year, surpassing in 2015’s documents, mentioning dropping rates of interest, a modification in management at the Federal Get, and purchasing by reserve banks and funds. In a note dated January 5, it additionally stated occasions in Venezuela over the weekend break were most likely to bring in purchasers to gold as a safe house yet did not define this as a factor for its $4,800/ oz projection.
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