Gold correction has reset the market, but MKS’ Shiels still sees $4,500 average price in 2026

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The World Gold Council expects gold to remain broadly range-bound through the second half of 2026 unless geopolitical tensions intensify or the global economy weakens more sharply than markets currently anticipate. In its Gold Mid-Year Outlook 2026, published on July 1, the industry body argues that the precious metal has entered a more balanced phase after ...

The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2026 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short- and medium-term horizons and were unchanged at the longer-term horizon. Gas price growth expectations declined to the lowest level since August 2022. Labor market expectations improved, with job-finding expectations increasing and job-loss expectations and expectations about the unemployment rate declining. Spending growth expectations were unchanged. Respondents were more optimistic about their future household financial situations, while expectations about future credit availability deteriorated slightly. The survey was fielded from June 1 through June 30, 2026. The main findings from the June 2026 Survey are: NY Fed: June year-ahead expected inflation 3.7% vs. May's 3.5%. NY Fed: June three-year ahead expected inflation 3.3% vs. May's 3.1%, highest since June 2022. NY Fed: June five-year ahead expected inflation unchanged at 3%.