Morgan Stanley: Gold prices may rise to $5,700

According to Odaily, JPMorgan Stanley expects that, driven by geopolitical uncertainty, continued gold purchases by central banks, and strong ETF demand, the price of gold is likely to rise to $5,700 per ounce in the second half of the year. The report points out that central banks (represented by countries such as Poland) are still increasing their gold reserves even as gold prices remain high. If the Federal Reserve starts cutting interest rates in 2026, it may further support strong demand for physical gold. (Golden Ten Data)