Business & Finance
Analysts expect gold prices to trend upward through late 2026
Gold prices could rise above 4,500 dollars per ounce later this year, according to CBS News.
The short version
- Market analysts anticipate gold will maintain an upward trajectory as 2026 concludes.[CBS News]
- Potential price targets range from above $4,500 up to $5,000 per ounce, industry observers estimate.[CBS News]
- Demand drivers include persistent geopolitical strife, high inflation, and continued central bank acquisitions.[CBS News]
- Macroeconomic indicators present mixed pressures, with inflation at 3.4% and an estimated 60% probability of an upcoming interest rate hike.[CBS News]
Key facts
- Analysts forecast that gold prices will generally climb through the remainder of 2026.[CBS News]
- Brandon Aversano attributes ongoing price support to record central bank purchases, persistent inflation, and geopolitical conflicts.[CBS News]
- Brett Elliott stated that a reasonable expectation is for gold to exceed $4,500 per ounce.[CBS News]
- Hiren Chandaria projected that gold prices could reach between $4,800 and $5,000.[CBS News]
- Reported inflation stands at 3.4%, exceeding the Federal Reserve's target rate of 2%.[CBS News]
What remains uncertain
- The CME Group's FedWatch Tool shows an estimated 60% probability of a rate hike at the September Federal Reserve meeting, which could affect price momentum.[CBS News]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.