Gold Prices Fall Despite Iran Crisis: Morgan Stanley Reveals US Dollar, Liquidity Impact

• Morgan Stanley attributes gold price fall, despite Iran crisis, to strengthening US dollar, currency fluctuations, and market liquidity.
• Strategists led by Amy Gover note investors are selling gold for cash needs during market stress, not due to a change in sentiment.
• Morgan Stanley predicts gold's underperformance is temporary, potentially reaching $5,700 per ounce in the second half of 2024.
• A strong US dollar typically makes gold more expensive for non-US buyers, leading to price drops in international markets.
• On March 5, 24-carat gold decreased by ₹980; silver fell by approximately ₹30,000 per kg in the last four days.