Analysts tracking gold prices said gold could still return to around $5,000 per ounce this year, though a previously discussed $6,000-per-ounce target now appeared harder to achieve.
According to Jin10, Rick Kanda of The Gold Bullion Company wrote in a report that the $6,000 forecast might be out of reach. He added that if central banks around the world continued buying gold at a steady pace, the metal could have a chance to reach $5,000.
Kanda also said macroeconomic conditions had changed, making gold less attractive as a safe-haven asset than it was last year.
PRECIOUS METALS | Analysts See Gold Potentially Returning Near $5,000 an Ounce This Year
2026-06-17 13:28:33
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