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What Morgan Stanley Sees?-Gold at $1,160/oz. in 2014, $1138/oz. in 2015

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On the basis of the global economy recovering and leading to higher interest rates, Morgan Stanley (NYSE:MS) has cut its gold price forecast for 2014 and 2015. The investment giant is predicting gold prices will be trading at $1,160/oz. this year. Moreover, in 2015, gold is forecasted at $1,138/oz. Morgan also sees weakness in the precious metal continuing beyond those two years. These are just predictions, Morgan has been wrong countless times!