Heng Koon How, head of global economics and market research at OCBC Bank, said gold's rally showed no signs of slowing as global retail investment demand continued to heat up, following a sustained rise in the past month after a technical break above $3,500 an ounce.
He noted that demand for gold ETFs, futures and related investment products was being supported by strong safe-haven inflows driven by de-dollarisation concerns. All of the key long-term bullish factors for gold - in particular further weakness in the dollar and continued increased allocations by central banks - remain firmly in place. Overlay retail investment interest has surged, leading OCBC to further raise its forecast for gold prices to above $4,000 an ounce by 2026. (Gold Ten)
OCBC Bank increases gold price forecast, expecting to break through the $4,000 mark in 2026
2025-10-06 01:15:46
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