A Reuters survey released on Monday indicates that analysts have raised their annual gold price forecasts. Although the Middle East conflict has introduced risks such as surging inflation and expectations for hawkish monetary policies, robust demand from central banks and global economic uncertainties are projected to counterbalance these effects. The survey suggests that once geopolitical tensions ease, gold is expected to resume a more extensive upward trend. The median forecast from a poll of 31 analysts and traders over the past three weeks predicts a gold price of $4,916 per troy ounce for 2026. This represents the highest annual forecast in the survey since 2012 and is above the previous prediction of $4,746.50 made three months ago. A similar survey conducted one year ago showed an average forecast of only $3,000 for 2026. Analysts believe the factors driving gold prices—including strong purchasing demand from central banks, concerns over Federal Reserve independence, rising U.S. debt, and currency depreciation—will continue to support the safe-haven asset through 2026. Regarding silver, analysts anticipate an average price of $78 per ounce in 2026, lower than the previous forecast of $79.50 made three months ago.
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