Tag #Peak Gold

What are the primary factors contributing to the recent correction in gold prices, and what are the immediate implications for the market?

Gold prices, after reaching a record high of $2939/oz, have seen a modest correction of $40/oz. This follows a period of significant price increases driven by the war in Ukraine and increased central bank buying. However, Morgan Stanley predicts a decline to $2700/oz by year-end and potentially as low as $2400/oz in 2025.