2d ago
Gold outlook for 2026–2027: banks lift targets toward $6,300 as XAU/USD consolidates near $4,335
The article examines gold’s 2026–2027 trajectory, noting that prices are consolidating near $4,335 per ounce, pressured by a hawkish Federal Reserve stance and a rebound in the U.S. dollar. It argues that the main drivers are increasingly structural, highlighted by global central banks’ net purchases of 244 tonnes in Q1 and projections of around 800 tonnes for the full year. It also points to deteriorating U.S. fiscal conditions and a strengthening dedollarization trend. Major investment banks have broadly raised price targets, with J.P. Morgan calling for $6,300 and many others clustering around $6,000.