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Monexnews - Morgan Stanley reportedly still favored gold, whichhad risen sharply the past few days along with the increasingdemand for safe-haven.
The increase in gold last week's turmoil affected the Europeandebt, in addition to U.S. economic data continues to soften alsoraised expectations that monetary policy is accommodative,especially with the U.S. debt rating downgrade, the MorganStanley continue to recommend investors to buy gold until next year, reflecting their beliefs on a steady demand for safe-havenamid growing risk of U.S. and Europe.
Ahead of the FOMC meeting, analysts expect the Fed to lowerits economic projections and anticipated low interest rate policyis maintained, especially if administered programs QE3 course this will push the U.S. dollar continues to weaken and the impact on rising prices of commodities such as gold.
Monitored by far the spot price of gold has reached a level ofparity against the platinum for the first time since late 2008 due to the rise of the value of this precious metal to a record highlevel. Gold and platinum are traded in the same price is similarto prevailing market crisis in 2008. The ratio between the price of precious metals, often considered the investors to look atchanges in market conditions and determine which one bestinvestment. (Sap)
source: http://www.monexnews.com
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The increase in gold last week's turmoil affected the Europeandebt, in addition to U.S. economic data continues to soften alsoraised expectations that monetary policy is accommodative,especially with the U.S. debt rating downgrade, the MorganStanley continue to recommend investors to buy gold until next year, reflecting their beliefs on a steady demand for safe-havenamid growing risk of U.S. and Europe.
Ahead of the FOMC meeting, analysts expect the Fed to lowerits economic projections and anticipated low interest rate policyis maintained, especially if administered programs QE3 course this will push the U.S. dollar continues to weaken and the impact on rising prices of commodities such as gold.
Monitored by far the spot price of gold has reached a level ofparity against the platinum for the first time since late 2008 due to the rise of the value of this precious metal to a record highlevel. Gold and platinum are traded in the same price is similarto prevailing market crisis in 2008. The ratio between the price of precious metals, often considered the investors to look atchanges in market conditions and determine which one bestinvestment. (Sap)
source: http://www.monexnews.com
please give me comments thanks
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