OCBC Cuts Gold, Silver Forecasts but Maintains Constructive Outlook
OCBC analysts lowered their end-2026 forecasts for gold and silver due to higher real yields, a stronger USD, and slower ETF inflows, yet they still see a constructive case for the metals.
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OCBC's Sim Moh Siong and Christopher Wong have reduced their year-end 2026 price targets for gold and silver. The revision reflects a tougher near-term macro backdrop marked by rising real yields, a stronger U.S. dollar, and slowing ETF inflows.
Despite the downward adjustment, the bank maintains a constructive long-term outlook for the precious metals, indicating that the fundamental bullish case remains intact. The analysts continue to view gold and silver as attractive hedges in the current environment.
Source: FXStreet Forex News