摩根大通：美国国债市场轻微转仓足以推动金价突破5000美元

Core Viewpoint - Morgan Stanley's report indicates that during past Federal Reserve rate-cutting cycles, gold has generally recorded positive returns, with particularly strong performance in recent years [1] Group 1: Gold Market Insights - Gold typically sees price adjustments 2 to 3 months after the first rate cut, which often presents a good opportunity to increase holdings in gold [1] - A quarterly nominal increase in gold demand of $10 billion can lead to a price increase of approximately 3% per quarter [1] - A slight shift from the $29 trillion U.S. Treasury market to gold could be sufficient to push gold prices above $5,000 per ounce [1]