Morgan Stanley, Citi and Goldman Sachs all grow more bullish on gold as prices pierce $3,100

From kitco.com

Investment banking giants Morgan Stanley, Citigroup, and Goldman Sachs have all shared updated gold price projections for 2025 and beyond as the yellow metal’s bull run shows no sign of slowing, even as new tailwinds emerge to support today’s all-time high prices. Amy Gower, metals and mining commodity strategist at Morgan Stanley, told Bloomberg on Monday morning that gold’s move to new all-time highs has been building for quite a long time, and every time analysts predict a peak, it posts further gains. “I think that's because there's two different stories driving gold here,” she said. “One is the ... (full story)