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Gold's Safe-Haven Status Under Pressure as Iran Conflict Fails to Lift Prices: Morgan Stanley
Summary by The Economic Times
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Morgan Stanley: Gold Could Hit $5,200 Despite Diminished Safe-Haven Role Amid Energy Crisis and Interest Rates
The gold market is witnessing a renewal of bullish momentum, with prices testing new resistance levels near $4,700 per ounce. While the precious metal still requires further gains to reclaim pivotal price milestones, a major investment bank forecasts that the upward trend will persist in the coming period.
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