Core Viewpoint - Morgan Stanley predicts that gold price growth will slow down by 2026 due to reduced purchases by central banks and exchange-traded funds, although anticipated interest rate cuts and a weaker dollar will sustain upward momentum for gold [1] Group 1: Gold Market Outlook - By the fourth quarter of 2026, gold prices are expected to reach $4,800 per ounce, driven by increased retail demand in China, enhanced central bank purchasing power, and global growth concerns [1] - The forecast indicates that the demand dynamics for gold remain positive despite the anticipated slowdown in price growth [1] Group 2: Silver Market Outlook - Silver is expected to underperform compared to gold, primarily due to a decline in solar equipment installations projected for 2026 [1] - The shortage of silver is anticipated to peak in 2025, impacting its market performance [1] Group 3: Platinum and Palladium Prices - Platinum prices are forecasted to be $1,775 per ounce by 2026, while palladium prices are expected to reach $1,325 per ounce [1] - These projections reflect structural imbalances and changes in demand drivers within the market [1]
摩根士丹利：预计明年黄金涨幅将缩小 白银表现落后于黄金
Xin Lang Cai Jing·2025-12-16 10:02