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Morgan Stanley: Gold's Hedging Role Needs Reassessment, Still Prefers Metal Assets

On October 27, the price of gold has fallen from $5,600 per ounce at the beginning of this year to recently dropping below $4,000 per ounce. Despite the weak short-term trend, Morgan Stanley stated that it will maintain gold as the preferred metal asset and set a target price of $5,000 per ounce for the second quarter of 2027.

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