Wells Fargo: Bullish outlook predicts gold price rising to $4,900

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新浪财经2026/08/23 06:05

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Wells Fargo reiterated its positive outlook on international precious metals prices,

and expects the international gold price to reach $4,900/ounce by 2026. From now until the end of the year, there may still be considerable upside potential for international gold prices.

Wells Fargo analysts believe that strong global demand in the first half of 2026 is one of the reasons for the optimistic sentiment. Asian investors are in fact continuing to buy, and geopolitical risks and uncertainties in the global market have reinforced gold’s role as a safe haven, which

may support a continued rise in international gold prices.

Wells Fargo strategy chief Samir Samana stated that the long-term bullish outlook for international gold prices remains attractive. However, it is important to note that the trajectory of the international gold price’s rise may be uneven, so the target ranges for international gold prices in 2026 and 2027 have been revised down to $4,900–5,100/ounce and $5,400–5,600/ounce respectively.

Samana warned investors not to assume that the adjustment in international gold prices is entirely over, and there remains a possibility that international gold prices could continue to fall to $3,500/ounce

to bottom out. The $4,500–4,900/ounce range above is likely to see strong technical resistance.

Historically, gold has tended to perform steadily during U.S. economic recessions. When both U.S. stocks and bonds perform poorly, gold may play a larger role.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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