Forecast from Morgan Stanley: gold collapses to $ 800 per ounce

Earlier this week, gold
quotes collapsed immediately by 6%
when I came out a report on the gold reserves in
China. However, analysts at Morgan Stanley
We believe that the Celestial Empire - is not the main
problem, and the price of gold may well
fall to $ 800 per ounce. In their opinion,
period, the market price stability
precious metals came to an end.
Indeed, the prices of precious metals have been too long stable than prices
other commodities, for example,
iron ore.

But why now metals
cheaper? In fact, nothing new
experts Morgan Stanley did not say. In their
He said the reasons for the fall - is deflation,
rate hike expectations
The Fed, the settlement of the Greek question
and stabilization of the Chinese stock
market, and of the data on gold reserves in
China. The latter factor has simply become
decisive for the market reaction.

Many analysts have
now it says that gold has stabilized
around the level of $ 1050 per ounce, but Morgan Stanley
not sure about this. They believe that
rate hike in the United States even more
strike prices, and sales of reserves
central bank will strengthen this process. AT
worst-case scenario can be seen
drop in the price of gold to $ 800 per troy
ounce.

Today, by the way, gold
once again demonstrated great
reduction - during the Asian session
Gold futures for August delivery
fell to $ 1076.20
per ounce. Now, to 12:42 MSK, they
traded at the level of $ 1082.10 an ounce,
but, judging by the dynamics on the weekly chart,
very likely further decline.
Investors still confuses hysteria known
the world's media. Sometimes it seems that someone
It is a deliberate game against precious
metals, using all possible
ways.

Absolute factors,
which would contribute to the restoration
quotations of gold, yet. And indeed,
falling prices are now seen in almost
all commodities.