PANews reported on January 26 that Morgan Stanley predicts gold prices could rise to $5,700 per ounce in the second half of the year, driven by geopolitical uncertainty, continued central bank gold purchases, and strong ETF demand. The report points out that central banks worldwide (such as Poland) are increasing their gold reserves despite high prices. If the Federal Reserve initiates interest rate cuts in 2026, it could further support strong physical gold demand.