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.Related NewsTONGLING GOLD (00340.HK) Annual Net Profit Increases by 293.3% to HKD830 Million; Final Dividend of HKD0.032 per Share
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