ANZ Bank Expects Gold Trading Price to Exceed $5000/oz in 2026

BlockBeats News, January 14th, Daniel Hynes, Senior Commodity Strategist at ANZ Bank, stated that after a strong performance in 2025, the outlook for gold and silver remains optimistic in 2026. Geopolitical tensions are heating up again, concerns about the independence of the Federal Reserve, and the lack of U.S. fiscal discipline may continue to drive funds into the gold market. On the silver side, physical supply tightness is exacerbating price volatility.

Hynes believes that if the U.S. import tariffs exemption is confirmed, it will relieve supply pressure, but the market's supply-demand imbalance, strong industrial demand, and other factors will still provide solid support for prices. The bank expects that the second half of the year will see the gold trading price break through $5,000 per ounce. (FX678)