As noted by Morgan Stanley, gold prices have risen by about 50% in 2025 and crossed $4,000 per ounce in October. The investment bank estimated prices could reach $4,400 per ounce in 2026, which they already surpassed as of late December.
Gold’s recent returns can sound impressive when compared to those of popular stocks and cryptocurrencies, but it’s important to consider what may be causing this explosion and whether it will likely continue.
