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0.00027092928745592 0.000203196965591988 -0.00182877269032789 -0.00264156055269585 -0.00303102140341384 -0.00768389325386085 -0.00611284204822544 -0.00580804659983755
Stock impact report

Morgan Stanley drops blunt reality check on gold price surge [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Whenever there's a spike in geopolitical tensions, gold usually wastes no time in pushing forward with aplomb. However, since the Iran war has started, the shiny yellow metal hasn't followed the usual script. Morgan Stanley analysts, though, believe that the recent choppiness isn't indicative of fading safe-haven demand. Instead, Amy Gower and her team point to a couple of potent forces, a stronger U.S. dollar and a scramble for liquidity , as reasons for the sluggishness. For some color, according to Reuters , after the commencement of the Iran war, spot gold surged to $5,260/oz on Monday, then pulled back sharply with investors “dashing for cash.” The correction was more pronounced on March 3, when spot gold dropped nearly to roughly $5,137/oz Moreover, at the time of writing, as per GoldPrice.org , gold was per ounce, or roughly per gram and per kilogram. In my last piece , covering the safe-haven metal, I covered JPMorgan's big reset higher in its long-term forecast, Show less Read more
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