This is why the gold rally is likely to continue – Morgan Stanley

(Kitco News) – Despite this week’s correction, gold prices are likely to extend their 2025 gains as Fed rate cuts and a weaker dollar spur central banks and ETFs to continue buying, according to commodity analysts at Morgan Stanley.After breaking above $4,000 per ounce on Oct. 10, gold hit a wall at $4,380, and Oct. 21 saw the yellow metal post its largest daily loss in 12 years.