‘Resilient’ Gold Set for Record Rally, Morgan Stanley Says

Gold will perform best among commodities next year and may rally to a record as investors seek to safeguard their wealth against slowing economic growth, according to Morgan Stanley.

The 2012 forecast for bullion was increased 35 percent to $2,200 an ounce, while a so-called bull-case target for next year was put at $2,464, analysts including Hussein Allidina wrote in a report yesterday. Silver may also gain, while forecasts for oil and copper were cut, the report said.