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Bernstein raises its gold forecast for the second half of 2026
Bernstein raised its gold price forecast for the second half of 2026 to $4,375 per ounce, with a target of $4,533 for the year 2026. The firm highlighted the ongoing demand from central banks and expectations of no significant increase in U.S. interest rates in the coming months. Based on the inverse relationship between real yields and gold, gold prices declined from $4,650 to around $4,000 in the second quarter of 2026. However, the company expects prices to stabilize or see limited gains amid increasing reserves held by central banks.
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