Morgan Stanley predicted on Tuesday that as central banks and exchange-traded funds reduce their purchases of gold, the increase in gold prices will shrink in 2026, but the expected interest rate cuts and the weakening dollar will keep gold on its upward momentum. The bank predicts that by the fourth quarter of 2026, the price of gold will reach 4,800 US dollars per ounce, due to positive factors such as increased retail demand in China, increased purchasing power of central banks, and concerns about global growth. Furthermore, Morgan Stanley predicts that silver's performance will lag behind that of gold. As the number of solar equipment installed will decline in 2026, the shortage of silver will peak in 2025. Finally, Morgan Stanley expects to forecast platinum prices of $1,775 and palladium of $1,325 per ounce in 2026, reflecting structural imbalances and changes in demand drivers.

Morgan Stanley predicted on Tuesday that as central banks and exchange-traded funds reduce their purchases of gold, the increase in gold prices will shrink in 2026, but the expected interest rate cuts and the weakening dollar will keep gold on its upward momentum. The bank predicts that by the fourth quarter of 2026, the price of gold will reach 4,800 US dollars per ounce, due to positive factors such as increased retail demand in China, increased purchasing power of central banks, and concerns about global growth. Furthermore, Morgan Stanley predicts that silver's performance will lag behind that of gold. As the number of solar equipment installed will decline in 2026, the shortage of silver will peak in 2025. Finally, Morgan Stanley expects to forecast platinum prices of $1,775 and palladium of $1,325 per ounce in 2026, reflecting structural imbalances and changes in demand drivers.