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Morgan Stanley: Gold 4000 USD Strong support; another rise in yields may not necessarily be bearish for gold

Gold is showing remarkable resilience, while central-bank gold purchases and ETF demand offset the pressure from elevated real yields, with gold prices holding 4000 USD above, targeting 2027 year 5000 USD. Analysis of the changing relationship between gold and yields, and the safe-haven rationale amid fiscal concerns.

Source: https://www.panewslab.com/zh/articles/01a13d64-49ff-7457-af50-6174ecab2aa2