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 Investors Flock to Gold During Commodity Boom READ MORE Gold Retreats Off Record Highs After Higher than Expected Inflation Data READ MORE Silver Eyes Breakout: Technical Perspective READ MORE Gold's Ascent Towards $3,000 READ MORE IMF Cautions Against Premature Rate Cuts by Central Banks READ MORE Add a Comment Cancel replyYour email address will not be published.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