Gold to Continue Rally Through 2014: Morgan Stanley

Bloomberg reported that Morgan Stanley expects gold to continue to rally through 2014 as the U.S Feds continue to work on economic recovery.

As quoted in the market report:

The metal, which rose for a 12th year in 2012, may average $1,830 an ounce in the final quarter from $1,715 in the first, $1,745 in the second and $1,800 in the third, analysts Peter Richardson and Joel Crane said in a report today. Prices will be supported by investment and central-bank buying, they wrote.

To view the whole Bloomberg report, click here.