Gold XAU/USD
2026 Projections · 12 Banks
Closed—+0.00 (+1.27%)
YE $4,258Morgan Stanley Gold Price Forecast 2026
bearish
Morgan Stanley is currently bearish on gold (XAU/USD) for 2026. The desk has raised its year-end target once this cycle, and its current year-end call sits above the cross-bank consensus — 12 tracked banks average $4,258/oz for year-end, with targets ranging $2,950–$5,243. The desk's exact year-end target and Q1–Q4 path are part of the paid tier.
What's driving the cautious view
- Falling US dollar supporting gold
- Strong ETF buying momentum
- Continued central bank purchases
- Jewelry demand weakness as headwind
How MS's gold call has moved
- Jun 2026Raised the year-end gold target
Unlock Morgan Stanley's full 2026 gold forecast
Year-end target, quarterly Q1–Q4 path, bull & bear cases, every revision with exact levels, and the desk's report narrative. The stance, drivers, and consensus context above stay free.
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