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<Commodity>M Stanley Forecasts Slower Gold Price Growth Next Yr, Sees US$4,800 in 4Q26
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Morgan Stanley forecasted that gold price's uptrend will slow next year due to reduced purchases by central banks and exchange-traded funds (ETFs). However, the broker expected interest rate cuts and a weaker USD to provide sustained upward momentum for gold prices. Morgan Stanley also estimated gold prices to reach US$4,800 per ounce in 4Q26, supported by factors including stronger retail demand in China, sustained central bank gold purchases and concerns over global economic growth. AAStocks Financial News Website: www.aastocks.com |
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