Morgan Stanley bets on $5,200 gold as real-rate dynamics eclipse geopolitics

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Source: investingLive
Morgan Stanley bets on $5,200 gold as real-rate dynamics eclipse geopolitics
Photo: investingLive
TL;DR Summary

Morgan Stanley sets a $5,200/oz gold target for late this year, driven by renewed ETF and central-bank buying, a weaker dollar and expected Fed rate cuts, but cautions that gold has shifted from a pure safe-haven to a real-yields trade, having fallen about 14.5% since the Iran conflict began.

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