OCBC raises gold price forecast, expects it to surpass $4,000 by 2026

Jinse Finance reported that Heng Koon How, Head of Global Economics and Markets Research at OCBC Bank, stated that with the continued rise in global retail investment demand, gold's upward momentum shows no signs of slowing down. Since the technical breakthrough above $3,500 per ounce, gold has continued to climb over the past month. He pointed out that strong safe-haven capital inflows driven by concerns over de-dollarization are supporting the demand for gold ETFs, futures, and related investment products. All key long-term bullish factors for gold—especially the further weakening of the US dollar and continued allocation increases by central banks—remain firmly in place. Coupled with a surge in retail investment interest, OCBC Bank has further raised its gold price forecast, expecting it to surpass $4,000 per ounce by 2026. (Golden Ten Data)