Morgan Stanley analyst Amy Gower released a report on Thursday saying that the price of gold has reached its target price for the fourth quarter ahead of schedule and may rise above $5,000 in 2027, although this process may be full of fluctuations. The investment bank said that improvements in macroeconomic conditions are boosting demand for gold ETFs because expectations of the Fed's interest rate hike gradually subside, the US dollar weakens, and the central bank's strong purchases and stronger physical demand are also supporting the price of gold. Despite high long-term yields, gold remains resilient. Morgan Stanley said this shows that investors are increasingly concerned about fiscal risks, including high government debt and potential currency depreciation.

Zhitongcaijing · 1d ago
Morgan Stanley analyst Amy Gower released a report on Thursday saying that the price of gold has reached its target price for the fourth quarter ahead of schedule and may rise above $5,000 in 2027, although this process may be full of fluctuations. The investment bank said that improvements in macroeconomic conditions are boosting demand for gold ETFs because expectations of the Fed's interest rate hike gradually subside, the US dollar weakens, and the central bank's strong purchases and stronger physical demand are also supporting the price of gold. Despite high long-term yields, gold remains resilient. Morgan Stanley said this shows that investors are increasingly concerned about fiscal risks, including high government debt and potential currency depreciation.