Morgan Stanley(US:MS) Sou Hu Cai Jing·2025-12-16 10:17Core 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 expected interest rate cuts and a weaker dollar will maintain upward momentum for gold [1] Group 1: Gold Market Predictions - By Q4 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 anticipated decline in gold price growth is attributed to a decrease in purchases from central banks and ETFs [1] Group 2: Silver Market Outlook - Silver is expected to underperform compared to gold, as the installation of solar equipment is projected to decline in 2026, leading to a peak in silver shortages by 2025 [1] Group 3: Other Precious Metals Forecast - Platinum prices are forecasted to be $1,775 per ounce by 2026, while palladium prices are expected to reach $1,325 per ounce, reflecting structural imbalances and changes in demand drivers [1]