Gold will hit $4,500/oz by mid-2026 on ETF, central bank demand and real-asset hedging – Morgan Stanley | Metals Mine

  • Gold will hit $4,500/oz by mid-2026 on ETF, central bank demand and real-asset hedging – Morgan Stanley

    From kitco.com

    Rising ETF demand, steady central-bank buying, and the growing need to hedge with real assets will push gold prices to $4,500 per ounce by mid-2026, according to commodity strategists at Morgan Stanley. The investment bank noted that after four years of net selling, ETF flows have “nearly fully reversed,” with this year’s inflows the strongest since 2020, and they expect this trend to continue as interest rates fall. The analysts said that central banks “are still adding gold to their reserves,” while jewelry demand is stabilizing, supporting broad-based physical demand. They added that a pullback would ... (full story)

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