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2 clusters · 3 sources · 21 days · First seen · Last updated

Categories: BUSINESS

Bank revisions of 2026‑27 gold price outlook

Entities: World Gold Council · Commerzbank · central banks

Overview

In early July 2026, HSBC and other major banks trimmed their 2026‑27 gold price forecasts, citing a more hawkish stance from the Federal Reserve. By the end of the month, Commerzbank announced a further downgrade, reducing its year‑end gold price target to $4,500 per ounce (from $4,800) and also lowering forecasts for silver, platinum and palladium. The bank highlighted strong central‑bank buying – 289 tonnes in Q2, the highest in four years – while noting that gold‑linked ETFs saw net outflows and jewelry demand hit pandemic‑low levels, though its dollar value rose. Together, the snapshots show a trend of major financial institutions repeatedly lowering precious‑metal price expectations amid tightening monetary policy and mixed demand signals.

Timeline

  1. 3 days ago

    [BUSINESS] 3 sources
    Commerzbank cuts gold price outlook as central banks boost purchases

    Commerzbank cut its year‑end gold price forecast to $4,500/oz, and the World Gold Council reported central banks buying 289 t of gold, their strongest level in four years.

  2. 24 days ago

    [BUSINESS] 15 sources
    HSBC and major banks lower 2026‑27 gold price forecasts amid hawkish Fed

    HSBC and Bank of America cut 2026‑27 gold forecasts as a hawkish Fed and stronger dollar pressure prices; spot gold around $4,100, down 20% from its record.

Sources

anlatilaninotesi.com.tr · finansgundem.com · karar.com