Gold price forecast 2026: expectations and analysis from Morgan Stanley

Morgan Stanley analysts revised their forecast for gold prices, predicting slowdown in growth rates in the coming years. However, the overall trend remains positive, and by the end of 2026, the price could reach $4,800 per ounce. This is important information for investors, traders, and anyone who follows the precious metals market.

Such forecasts are based on macroeconomic factors that determine supply and demand in the gold market.

Reasons for further growth in the gold price

Although the forecast for 2026 suggests a slowdown in growth, analysts still see a number of factors that support the positive trend in the gold price. These include:

1. Strong demand from central banks and investorsDemand for gold from ETFs and central banks will be one of the main factors supporting prices. Investors are looking to diversify their portfolios and increase the share of safe-haven assets in their investments.
2. Global economic instabilityPolitical and economic turmoil is fueling interest in gold, which is usually seen as a safe haven in times of crisis.
3. Weak US dollar exchange rateThe depreciation of the dollar makes gold more affordable for foreign investors, which supports demand for the precious metal.

These factors are interconnected and influence the gold market, creating preconditions for stable price growth in the medium term.

Expected gold price levels

According to Morgan Stanley, the gold price could reach $4,800 per ounce by the end of 2026. This is a projected figure for the fourth quarter of 2026, reflecting a certain stability in demand for this asset in the long term.

The growth rate will be slower than in previous years due to the decline in some drivers, but gold will still remain an important tool for capital preservation.

Impact of external factors on the gold market

Macroeconomic factors

Investors often seek stability in gold during periods of economic uncertainty when other assets, such as stocks or bonds, may be volatile. In recent years, global geopolitical crises, including economic sanctions, political changes, and pandemics, have supported gold prices as it is considered a "hedge against inflation."

Central banks and institutional investments

One of the main factors supporting the growth of the gold price is the strategy of central banks, which continue to accumulate gold as part of their reserves. This is an important factor of stability, as gold plays an important role in international settlements and financial transactions.

Gold market outlook for 2026: what awaits investors

The outlook for gold growth, although it foresees a slowdown, is still positive, which indicates the long-term attractiveness of this asset. Investors should be prepared for more Slow but steady profitsThe Bank's strategy is based on long-term volatility and changes in the economic situation.

To summarize:

• Gold price by 2026: Morgan Stanley forecast indicates the possibility of reaching the level of $4,800 per ounce.
• Growth rates are decliningHowever, the demand for gold is not decreasing, but rather increasing in the face of instability.
• The long-term attractiveness of gold remains high thanks to investors seeking stability and protection from economic shocks.

Source: Reuters