Morgan Stanley predicted that gold would rise to $4,800 by the fourth quarter.

The price of gold could reach $4,800 per troy ounce by the fourth quarter of 2026, Morgan Stanley has predicted. This was reported by Reuters. The bank's target implies an increase in the spot price of almost 8% from the closing level on January 5.

Morgan Stanley cited lower interest rates, changes in the leadership of the US Federal Reserve, and purchases by central banks and funds as among the reasons for the rise in the price of the precious metal.

According to the bank, the US operation in Venezuela, which ended with the kidnapping of the country's president Nicolas Maduro and his transfer to the US, may also attract interest in gold as a safe-haven asset. However, Reuters notes that the bank does not highlight this as the reason for its forecast for the price of the precious metal.

The current record for gold is $4,549.92 per troy ounce. It was set on December 26, but since then the price has fallen slightly: on January 6, it was around $4,467.73. In 2025, the precious metal rose in price by 64%, which was the best annual result since 1979, Reuters noted.

Among other metals, Morgan Stanley favors aluminum and copper: both face supply challenges and growing demand, Reuters reports.

Traders view gold as a safe way to store money during periods of economic and geopolitical turmoil. At the same time, the precious metal performs well in an environment of low interest rates: it does not generate interest income, but with a soft monetary policy, this disadvantage becomes less noticeable, writes Reuters.

On January 5, the price of copper exceeded $13,000 for the first time. The price increase comes amid mine disruptions and trade flow disruptions, which are heightening concerns about supplies of this key industrial metal to global markets, Bloomberg wrote.

This article was AI-translated and verified by a human editor