-
Gold correction has reset the market, but MKS’ Shiels still sees $4,500 average price in 2026
Gold's sharp correction from its record highs may have rattled investors, but MKS PAMP is urging them not to mistake the recent selloff for the end of the precious metal's secular bull market. In her mid-year outlook, Nicky Shiels, Head of Research and Metals Strategy at MKS PAMP, said she is maintaining her 2026 average gold price forecast of $4,500 an ounce, arguing that the market is transitioning from an unsustainable parabolic rally into a healthier, longer-lasting bull market. At the same time, the global refiner expects gold to spend time consolidating between $3,800 and $5,000 an ounce and is leaving its 2026 ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
*US IS REVOKING IRAN-RELATED GENERAL LICENSE TO EXPORT OIL *IRAN'S ACTIONS IN STRAIT OF HORMUZ WHOLLY UNACCEPTABLE: OFFICIAL 
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
From kitco.com | 1 hr 47 min ago
It’s been a frustrating four months for precious metals investors since the Iran War caused inflation expectations and rate hike projections to rise. But the lows of the year for gold and silver prices are already in, and gold and silver should begin benefitting from the long-term rally’s drivers once again, according to Craig Hemke at Sprott Money. Hemke ...
From financefeeds.com | 8 hr ago
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 ...
