Morgan Stanley: Gold Price Could Rise to $5,700

Odaily News Morgan Stanley expects that, driven by geopolitical uncertainty, continued central bank gold purchases, and strong ETF demand, gold prices could rise to $5,700 per ounce in the second half of the year. The report points out that central banks (represented by countries like Poland) are still increasing their gold reserves despite high gold prices. If the Federal Reserve initiates interest rate cuts in 2026, it could further support strong physical gold demand. (Jin10)