Investment Banks And World Bank Hold Different Views Of Gold For 2013; Other Metals May Fare Better

Monday, December 31, 2012 08:54
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Investment Banks And World Bank Hold Different Views Of Gold For 2013; Other Metals May Fare Better

Tags: commodities | Economic Outlook | gold

Gold and other precious metals may lose their luster during 2013 although investment banks overall have an optimistic outlook for asset class.
 
World Bank economists have a more dour view and look for commodities prices overall to fall.

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Higher prices have caused many to predict the end of the bull market. Morgan Stanley’s commodities team says this analysis is too simplistic.
 
Bank of America analysts expect continued policy easing by both the Fed and the European Central Bank (ECB) and expect gold prices to push higher.
 
Other analysts cite uncertainty about the fiscal cliff as a driving force for higher prices. Goldman Sachs is the Wall Street exception and the firm has trimmed its outlook for gold in 2013.
 
The World Bank’s view is more bullish toward copper and nickel, which are both expected to experience significant price increases over the year.

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