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Gold could hit $5,000/oz in 2026 once the rally resumes, silver may reach $62/oz despite weaker demand – Heraeus
Central bank buying, fears of fiscal dominance and strong investment demand will drive gold higher in the second half of 2026, while silver is likely to see demand wane in key areas, but could still follow gold higher, according to Heraeus. In their 2026 Precious Metals Outlook, Heraeus analysts warned that precious metal prices will likely trend lower for at least the first part of 2026. “The rally that has seen gold and silver at record highs and PGM prices at their highest level in years, took prices too high too quickly,” they said. “While prices could push higher in the near-term, once the momentum wanes a ... (full story)