Morgan Stanley Bets on Gold Rally to $4,500 by 2026
Gold prices hover NEAR record highs as institutional demand accelerates. The XAU/USD index trades at $4,185, up 0.62% this week, with Morgan Stanley forecasting a 7.5% surge to $4,500 by mid-2026.
Central bank accumulation drives the bullish thesis. 'Any pullback represents a buying opportunity,' wrote metals strategist Amy Gower. The bank names Gold its top commodity pick, citing dollar weakness as a secondary catalyst.
Unlike cryptocurrencies—where Bitcoin and ethereum dominate trading on exchanges like Binance and Coinbase—gold's stability appeals to institutional portfolios. No mentions of crypto assets like SOL or DOGE appear in the report, underscoring the divergence between speculative digital assets and hard commodities.