Analysts has officially revised its 2026 gold price forecast with an ambitious figure, driven by relentless accumulation from the world most powerful financial institutions.
🔸 The analysts raised its year end gold price target to $5,400 per ounce, a sharp increase from the previous forecast of $5,000. The primary driver is sustained demand from private investors and, notably, Central Banks.
🔸 The report indicates that Central Banks have begun competing directly with the private sector for limited physical gold supplies. This sector is expected to purchase an average of 60 tons of $XAU per month this year.
🔸 The Fed interest rate cuts will continue to drive capital into gold ETFs. Furthermore, strategist Julia Du offers an even more bullish outlook, predicting gold could hit $7,150 per ounce. $XAG
With both Central Banks and ETFs scrambling to accumulate, is $5,400 the next destination, or merely a pit stop before gold reaches the unimaginable $7,000 mark?
News is for reference, not investment advice. Please read carefully before making a decision.