PANews March 24 news, according to Jinshi, gold futures prices rose and remained close to historical highs. Morgan Stanley analysts said in a report that physical demand for the precious metal from central banks and recent exchange-traded open-end index funds remains strong. Uncertainty about tariffs supports safe-haven demand for gold. Morgan Stanley said that gold prices have risen 14% so far this year and may not have peaked yet. The World Gold Council emphasized that the rise in gold prices from $2,500 to $3,000 per ounce was the fastest increase in records to reach this major milestone. Morgan Stanley also added that given the high gold prices, the demand for gold in the jewelry market showed signs of slowing down, and it may take some time for gold prices to stabilize before rising again, which means that the next round of gold increases may be slow.
Morgan Stanley analyst: Gold may not have peaked yet, but the next round of gains may be slow
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