Commodities
Gold Price Forecasts Plummet Amid Fed Policy Shift
The London Bullion Market Association (LBMA) has released its mid-year survey, showing that analysts have lowered their gold price forecasts for 2026 compared to six months ago.
The survey, which is considered a key reference for the precious metals market, attributed the shift primarily to the monetary policy stance of the US Federal Reserve under Kevin Warsh.
The Fed's response to US inflation data has become the dominant factor in price expectations, outweighing geopolitical tensions and China's dedicated gold purchases.
According to the LBMA, gold reached a record high of over $5,600 per ounce in January, but despite the downward revision, prices could still climb as much as 18 percent from recent trading levels by the end of the year.