ANZ: Gold Could Reach $4,800!
ANZ Bank predicts 2026 will be a "two-phase" year for gold. In its latest research, they predict gold prices will continue to rise rapidly in the first half of the year, with the potential to peak near $4,800 per ounce before gradually weakening in the second half.
According to ANZ analysts Soni Kumari and Daniel Hynes, the largest increase will occur in the first half. They believe that investment flows into gold and continued strong central bank purchases will continue to drive demand and push prices to new highs.
However, ANZ predicts prices will gradually decline in the second half of 2026. The reasons are: the Fed's easing cycle is expected to be nearing its end, the effects of US tariff policies are becoming clearer, and the global economic outlook is stabilizing. Under such conditions, the market's need to "hide" in gold typically diminishes.
For silver, ANZ still sees continued positive sentiment. This white metal is expected to remain supported by a market deficit, weakened by US import policies, resilient industrial demand, and strong investment flows. This combination of factors makes silver still attractive, not only as a defensive asset but also as an industrial metal.
ANZ also estimates that the US is unlikely to impose tariffs on silver, as the country is a net importer. If this is confirmed, more silver could potentially flow from the US, easing global supply constraints. Although the overall silver market remains tight and sensitive to investment flows. (asd)
Source: Newsmaker.id
