[Morgan Stanley: Gold Prices Expected to Surpass $5,000/oz by 2027] BlockBeats News, August 20: Morgan Stanley believes that after gold prices surpass $4,450/oz, they are likely to exceed $5,000/oz by 2027 or earlier. The bank stated that the improving macroeconomic environment is boosting demand for gold ETFs, as market expectations for Federal Reserve rate hikes gradually fade and the U.S. dollar weakens. Strong central bank purchases and robust physical demand are also further supporting gold prices. Despite high long-term yields, gold prices remain resilient, which also reflects growing investor concerns about fiscal risks, including high government debt and potential currency devaluation risks. Morgan Stanley expects the Federal Reserve to keep interest rates unchanged until 2026 but also warns that upcoming U.S. inflation data and statements from Federal Reserve officials could heighten market volatility.