ING sees gold averaging $4,150/oz in 2026 on central bank buying, risks

From invezz.com

Gold’s historic rally this year has prompted analysts to revise their forecasts for the yellow metal with ING Group being the latest to scale up their outlook. Gold broke through the $4,000-per-ounce mark for the first time on October 8, propelled by mounting worries about the US economy and a potential government shutdown, extending its record-breaking rally to more than 50% this year. The ongoing US shutdown has postponed the release of crucial payroll data, intensifying the existing economic uncertainty. With official economic indicators unavailable, traders are increasingly relying on private reports for ... (full story)