Bloomberg reported that Morgan Stanley forecast gold prices to increase to record highs next year.
As quoted in the market news:
The 2012 forecast for bullion was increased 35 percent to $2,200 an ounce, while a so-called bull-case target for next year was put at $2,464, analysts including Hussein Allidina wrote in a report yesterday. Silver may also gain, while forecasts for oil and copper were cut, the report said.
Click here to read the full Bloomberg report.
