大摩：上调金价年底目标至3800美元/盎司

Core Viewpoint - Morgan Stanley has raised its year-end gold price target to $3,800 per ounce, emphasizing the negative correlation between gold and the US dollar as a key pricing logic [1] Group 1: Market Dynamics - A weaker US dollar is expected to benefit precious metal prices [1] - Historical data indicates that gold and silver typically experience significant price increases within two months following the start of a Federal Reserve rate cut cycle, providing an important reference for the current market [1]