‘Resilient’ Gold May Surge to Record as Economy Slows, Morgan Stanley Says

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.