IN THE ASIA SESSION GOLD AND SILVER
WERE BIG LOSER. ON COMEX, IT IS STABILISING AROUND $1245, WHICH IS LOW
FROM 2010 AND $1200 MAY BE ON THE CARDS.
Morgan Stanley
lowered its forecasts for gold, joining Goldman Sachs Group Inc. and UBS AG in
paring estimates on prospects that the U.S. Federal Reserve will scale back
monetary stimulus as the economy recovers.
Asian markets rose
on Wednesday on signs that China's central bank is working to halt the
country's cash squeeze.
US economy is
stronger than some expected
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