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  • 950 Silverado Street La Jolla, CA 92037    •    1 (858) 412-6462
    Section 1
    Closed August 10-17, Reopen Monday, Aug. 19 at 10:00

    Market Nuggets: Gold Bull Market 'Is Not Over' – Morgan Stanley

    Gold is trading at its lowest levels since December, but Morgan Stanley analysts say gold’s bull market “is not over” and that they are buyers of the metal at current prices. The recent sell-off in prices is “consistent with distressed selling and long liquidation,” but they think prices will recover in the coming weeks. They say the factors that have supported gold remain in place: the European sovereign debt crisis and low interest rates. They also note that the low level of speculative net-length in the CFTC reports is a positive sign.

     

    By Debbie Carlson of Kitco News; dcarlson@kitco.com

     

    World Spot Prices
    (Updates Every 30 Seconds)
    0.51

    Gold

    Bid: $1,496.44
    Ask: $1,497.44
    0.00

    Silver

    Bid: $17.05
    Ask: $17.15
    -0.21

    Platinum

    Bid: $865.08
    Ask: $870.08