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Optimism breaks out at Morgan Stanley

Investment bank finds reason to hope despite Brexit vote

Chris Cann
Morgan Stanley has come out as a strong gold and zinc bull (image: Gideon Benari)

Morgan Stanley has come out as a strong gold and zinc bull (image: Gideon Benari)

The gold-price prediction, which implies an increase of 18% from the metal’s current $1,315/oz is based on a view that Brexit represents a “brand new risk” which has to be added to other positive factors...

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