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2025-10-31 22:24:47
Morgan Stanley: Gold Prices Could Rise to $4,500 by Mid-2026. Morgan Stanley states that gold prices are poised to reach $4,500 per ounce by mid-2026 (previously projected for the second half of 2026) due to strong physical demand from ETFs and central banks, coupled with continued economic uncertainty. In a report, Morgan Stanley noted, “Recent gold price action has pushed it into ‘overbought’ territory on the Relative Strength Index (RSI), but the recent pullback has brought it back to healthier levels, potentially clearing market positions.” The bank expects continued buying of gold ETFs as interest rates decline, along with continued central bank purchases, albeit at a slower pace, while jewelry demand is expected to stabilize. However, Morgan Stanley also warns of downside risks, including potential price volatility that could prompt investors to shift to other asset classes, or central banks reducing their gold reserves.
