Hedge Funds Raise Gold Wagers as Goldman Sees Drop: Commodities

Posted by Ravi Gulati | Posted in Economy & Markets | Posted on 19-01-2014

Goldman expects bullion to fall to $1,050 in the next 12 months as the Federal Reserve reduces monetary stimulus, analysts led by Jeffrey Currie, the bank’s head of commodities research, said in the report last week. Precious metals are Morgan Stanley’s “least preferred” commodities, and physical demand from China and India won’t be enough to support prices, analysts Adam Longson, Bennett Meier and Peter Richardson said in a Jan. 17 report.

Hedge Funds Raise Gold Wagers as Goldman Sees Drop: Commodities – Bloomberg.