-
Gold will hit $4,500/oz by mid-2026 on ETF, central bank demand and real-asset hedging – Morgan Stanley
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)
- Comments / Top
- Subscribe
-
Related Stories
From thearmchairtrader.com | Nov 27, 2025
Central banks, once the staid custodians of national treasure, have in recent years developed something of a glittering habit. In 2024 and through 2025 they resumed large-scale buying of gold, often at a pace not seen since the 1960s. The renewed enthusiasm, led by the People’s Bank of China (PBoC), has coincided with a world marked by war, fractious ...
From kitco.com | Nov 27, 2025
The gold market’s heightened focus on U.S. interest rates and the U.S. dollar has created renewed volatility and could keep prices contained through year-end, according to one market strategist. In a recent interview with Kitco News, Roukaya Ibrahim, Chief Commodity Strategist at BCA Research, said she is neutral on gold for the next three months due to ...
Daan Struyven, co-head of global commodities research at Goldman Sachs, discusses the outlook for gold prices in 2026. "You have significant upside in a base case," Struyven tells Bloomberg Television. "In scenarios where markets may perform less well, perhaps concerns about the fiscal trajectory or concerns about questions about Fed independence, I think ...
