Gold forecast: $5,330 in 2027
Metals Focus forecasted that the average price of gold will reach $5,330 per ounce in 2027, benefiting from ongoing inflation and the US fiscal deficit, despite the likelihood of continued tightening of the Federal Reserve's policy to combat inflation. They pointed out that demand for gold will remain supportive of the high level, even though the current price has declined to around $4,152 after reaching an all-time high of approximately $5,595 in January 2023. The company also predicted that silver prices will rise to over $90 per ounce by the end of 2027, supported by the persistent deficit in the platinum market, while the price of palladium is expected to be $1,330 in 2027 due to weak demand and increased mine supplies.
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