Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, on Jan. 10, 2025. Reuters/Angelika Warmuth/File PhotoGold prices are poised to climb to fresh record highs by the end of the year, with Morgan Stanley forecasting the bullion at $4,800 per ounce by the fourth quarter of 2026, as falling interest rates, central bank buying, and persistent geopolitical risk continue to drive demand for the traditional safe-haven asset.In a research note on Jan. 5, the bank said the precious metal’s rally is being underpinned by a combination of macroeconomic and policy shifts, including an expected easing cycle by the U.S. Federal Reserve, a change in leadership at the Federal Reserve, and sustained purchases by central banks and investment funds.
Morgan Stanley Lifts Gold Forecast to $4,800, Citing Fed Cuts and Global Risk
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