Morgan Stanley: Amy Gower Says Gold Faces Rate and Dollar Headwinds

Morgan Stanley's Amy Gower says gold is facing near-term pressure from rising long-dated bond yields and a stronger U.S. dollar. As a non-yielding asset, bullion becomes harder to hold when investors can earn more from cash. Still, she notes the metal remains above $4,000 an ounce, with central bank and physical demand offsetting the headwinds. Read the full article