PANews reported on March 24 that according to Jinshi, gold futures prices rose, maintaining a level close to historical highs. Morgan Stanley analysts in a report stated that physical demand for this precious metal remains strong from central banks and recent exchange-traded funds. Uncertainty in tariffs supports the safe-haven demand for gold. Morgan Stanley said that gold prices have risen 14% this year and may not have peaked yet. The World Gold Council emphasized that the rise from $2,500 to $3,000 per ounce is the fastest recorded milestone. Morgan Stanley added that due to high gold prices, jewelry market demand for gold shows signs of slowing and may need prices to stabilize for some time before recovering, which means the next round of gold price increases may be relatively slow.
