Gold Futures Rise Amid Strong Demand and Uncertainty

According to PANews, gold futures prices have increased, maintaining levels close to historical highs. Analysts from Morgan Stanley reported that central banks and recent exchange-traded open-end index funds continue to show strong physical demand for the precious metal. Uncertainty regarding tariffs has bolstered the demand for gold as a safe haven. Morgan Stanley noted that gold prices have risen by 14% this year and may not have peaked yet. The World Gold Council highlighted that the price of gold has surged from $2,500 to $3,000 per ounce, marking the fastest milestone achievement on record. Morgan Stanley also mentioned that due to high gold prices, there are signs of slowing demand in the jewelry market, which may require a period of price stabilization before demand picks up again. This suggests that the next phase of gold price increases might be more gradual.