Morgan Stanley Eyes 5055 Target: Gold's Bull Run Accelerates Amid Geopolitical Uncertainty

The Safe-Haven Rally Intensifies

Precious metals markets have entered a powerful bull phase as investors seek shelter from escalating global tensions and policy uncertainty. Gold has established a fresh peak at $4,498 per ounce, reflecting sustained appetite for inflation-resistant assets amid volatile macroeconomic conditions.

Morgan Stanley’s latest analysis underscores the strength of this momentum, with strategists projecting gold could reach $5,055 per ounce by Q4 2026. This ambitious target reflects a confluence of structural headwinds: mounting geopolitical risks, protectionist trade measures emanating from the U.S., and anticipated interest rate reductions across major economies. These factors collectively reduce the opportunity cost of holding non-yielding assets like gold.

Silver Follows Suit as Industrial Demand Accelerates

Precious metals aren’t confined to gold, with silver staging its own impressive advance toward the $70 per ounce level. The white metal’s rally stems from dual catalysts—sustained industrial consumption combined with constrained supply dynamics. This dynamic mirrors broader sentiment favoring commodities as portfolio diversifiers.

What’s Sustaining the Bull Case

Analysts point to several structural supports maintaining upward pressure. Suppressed real interest rates—nominal rates minus inflation—continue to erode the attractiveness of cash holdings, steering capital into tangible stores of value. Simultaneously, elevated public and private debt levels heighten recession concerns, amplifying demand for defensive positioning through precious metals accumulation.

The convergence of these macro variables suggests the bull market in gold and silver retains considerable runway, particularly if geopolitical flashpoints intensify or central banks extend their accommodative cycles.