Morgan Stanley Forecasts Gold Price to $2,600 Morgan Stanley predicts that gold prices will soar to $2,600 per ounce by the fourth quarter of 2024, driven by central bank purchases, increased retail demand, and global geopolitical turmoil. Despite a 50% rise from 2022 lows and a 25% increase since mid-February, gold’s appeal as a safe-haven asset continues to grow. Factors such as central banks from developing nations increasing their reserves, robust retail and institutional investment, and ongoing global conflicts are expected to propel gold prices higher. Additionally, economic uncertainties and potential US rate cuts further support this bullish outlook. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts BRICS: Scotiabank Says US Dollar To Fall in 2024 READ MORE Inflation's Persistence Creates Dilemma for Federal Reserve READ MORE China's Central Bank Maintains Gold Holdings Amid High Prices READ MORE African Nations Turn to Precious Metal to Combat Inflation READ MORE Retaliation Promised: Biden's Response to Drone Attack in Jordan READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment