ANZ Raises Gold Price Forecast: $4,600 Expected for 2026

Gold Price Forecast Increased

ANZ Group Holdings anticipates that the "extraordinary rally" in gold prices will continue and that prices will keep increasing with the Fed potentially lowering interest rates further.

Year-End Forecast and Long-Term Expectations

Analysts Soni Kumari and Daniel Hynes have announced that they have raised their gold price forecast for the end of 2023 to 4,400 dollars. Additionally, it is projected that the price of gold could reach 4,600 dollars by June 2026.

Interest Rate Cuts and Market Dynamics

The Fed is expected to implement four 25 basis point interest rate cuts by March 2026. This situation significantly contributes to the support of gold prices.

Factors Supporting the Increase

The rise in gold prices is supported by various reasons such as concerns over the independence of the Fed, political uncertainties, trade tariffs, geopolitical tensions, and increasing debt burdens. Analysts emphasize that the surge in gold is driven by "structural factors" and indicate that high prices are likely to persist.