J.P. Morgan: Stablecoin Company Boosts Gold Buying, Gold Faces Upside Risk

BlockBeats News, December 16th, Morgan Stanley published an analysis stating that as the interest rate cut expectations continue and the US Dollar Index weakens, gold is expected to continue to receive macro-level support, with the potential to rise to $4800 per ounce by the fourth quarter of 2026. "We believe that due to central banks stepping up their gold purchases, global growth concerns, and stablecoin companies increasing their gold purchases, gold faces upside risks."

The investment demand for silver is likely to remain dominant, and with low inventory levels, there is a possibility of a physical squeeze. (Oriental Wealth)