Resource News

Bloomberg reported that Morgan Stanley still expects investor demand and buying from central banks to allow silver —along with gold and copper — to perform better than other metals.

Bloomberg reported that Morgan Stanley still expects investor demand and buying from central banks to allow silver —along with gold and copper — to perform better than other metals.

As quoted in the market news:

“Central bank policies ensure conditions remain favorable for continued price appreciation for both gold and its cheaper proxy, silver,” analysts Peter Richardson and Joel Crane wrote in a report today. The bank expects gold to average $1,683 an ounce this year, rising to $1,853 in 2013. Morgan Stanley also remained bearish on aluminum, nickel, lead and zinc.

Click here to read the full Bloomberg report.

MARKETS

Markets
TSX19669.17+49.04
TSXV668.28+4.11
DOW32832.54+29.07
S&P 5004140.06-5.13
NASD12644.46-13.10
ASX7015.60+40.70

COMMODITIES

Commodities
Gold1788.29+14.19
Silver20.66+0.84
Copper3.590.00
Palladium2236.00+120.00
Platinum945.00+13.00
Oil90.45-0.31
Heating Oil3.19+0.01
Natural Gas7.66+0.07

DOWNLOAD FREE REPORTS

×