Morgan Stanley: Stablecoin Companies Increase Gold Purchases, Posing Upside Risk for Gold
Morgan Stanley: Stablecoin Companies Increase Gold Purchases, Gold Faces Upside Risk
BlockBeats news, on December 16, Morgan Stanley published an analysis stating that as expectations for interest rate cuts persist and the US Dollar Index is expected to weaken again, gold is likely to continue receiving macro-level support, with prices potentially rising to $4,800 per ounce by the fourth quarter of 2026. "We believe that due to central banks increasing gold purchases to new highs, concerns over global growth, and stablecoin companies ramping up gold buying, gold faces upside risk."
Investment demand for silver is likely to remain dominant, and with inventories at low levels, there is a possibility of a physical short squeeze. (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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