Khaberni - Morgan Stanley expects the price of gold to reach $4,800 per ounce by the fourth quarter of this year, surpassing last year’s record levels.
The bank indicated that recent developments in Venezuela could boost the demand for gold as a safe haven, without including them as a direct factor in its price forecast.
Regarding silver, the bank indicated that 2025 represented the peak of the market deficit, pointing out that Chinese export licensing requirements that came into effect at the beginning of this year have increased the risks of price escalation.
Monetary Policy
In terms of trading, spot gold prices fell by more than 1% today, reaching $4,450.08 per ounce, affected by the rising dollar and Treasury yields.
This decline comes amid market anticipation for global economic data and central banks' directions regarding monetary policy, as interest rate expectations directly affect gold movements in the coming period.
