| “We still like gold” even after the metal fell last week to an 11-week low, said Morgan Stanley in a weekly commodity research note. “We believe that the recent weakness in gold is a good entry point as some elements of the recent selling pressure appear to be at odds with the FOMC's still-dovish position,” Morgan Stanley added.
“As the Fed continues believing that long-run inflation will likely remain subdued, it has reaffirmed a commitment to accommodative monetary policy, as expressed by zero nominal rates, negative real rates and Operation Twist. These developments will likely support gold prices,” they continued...............................................Full Article: Source
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