Gold Price Forecast 2026: Morgan Stanley Targets $4,500 per Ounce
Morgan Stanley Gold Price Forecast for 2026: Target of $4,500 per ounce by mid-next year
Morgan Stanley Gold Price Forecast for 2026: Target of $4,500 per ounce by mid-next year
WTI Crude Oil prices show mixed dynamics during the Asian session on February 25, holding near $66.0 per barrel and close to local highs since early August 2025. Market activity remains subdued as traders await new catalysts.
The XPT/USD pair has entered a key sideways range of 2186.07–2012.14 (50.0–61.5% Fibonacci retracement), where it has been trading for more than two weeks. Over the past three sessions, prices have attempted to resume upward momentum amid escalating tensions in the Middle East.
Shares of Nvidia Corp., the U.S. giant in graphics processor development, are trading at the 185.00 level.
During the Asian session, XAU/USD quotes show a modest decline, once again slipping below the psychological level of $5,050 per troy ounce amid fundamental shifts in the assessment of inflation dynamics and U.S. monetary policy.
The XPT/USD pair is trading above the 2000.00 level, maintaining a downward trajectory driven by weakening demand across the precious metals complex amid large-scale liquidation of leveraged positions. However, this move appears to be a local correction, after which renewed upside momentum may resume.
Brent Crude Oil prices have been rising steadily since the start of the year and reached a six-month high of 70.40 last week amid escalating geopolitical tensions.
The XAU/USD pair continues its steady advance within a long-term bullish trend, posting fresh all-time highs.
The global corrective trend in metal prices continues: this week, prices once again returned to levels slightly below 2200.00.
XAU/USD prices have resumed their upward move, supported by geopolitical and monetary factors, and are currently holding near 4465.00 within a long-term bullish trend after a brief correction.
Prices for benchmark Brent Crude Oil are correcting within a downward trend, holding just below the 61.00 level following the launch of the military operation dubbed “Midnight Hammer” against Venezuela. Several major media outlets, including CBS News, reported that U.S. President Donald Trump personally ordered strikes on civilian and military targets in Caracas, as well as the capture of Venezuelan President Nicolás Maduro and his wife Cilia Flores. They are now expected to stand trial in New York on charges related to narco-terrorism.
Prices for benchmark Brent crude oil are correcting within a downward trend and are currently holding slightly below the $62 per barrel level.
During the morning session, WTI Crude Oil prices are showing mixed performance, consolidating near 57.80 and close to the highs posted on December 11. On the previous day, prices received a strong bullish impulse driven by a weaker US dollar amid growing expectations of a Federal Reserve policy easing cycle.
Commodities analysis looks at what drives the prices of raw materials like oil, gold, or wheat. Fundamentals mean supply and demand, production levels, weather, and geopolitics. Technicals come from the charts — trends, support and resistance zones, trading volume, and repeating patterns. By combining both, traders can gauge risk, spot opportunities, and decide when it makes sense to buy or sell.