- A poll of 29 analysts and traders reduced the median gold price forecast for 2026 to $4,509 per troy ounce, marking the first downward revision in 11 quarters following a sharp price pullback from January's record highs.
- Gold futures have stabilized just under $4,100 per ounce, holding steady despite renewed military exchanges between the U.S. and Iran and ahead of the Federal Reserve rate decision.
- Hong Kong physical gold imports surged to their highest levels since late 2014, exceeding 130 tons in June due to local clearing system preparations and mainland Chinese demand.
Quotes
“Barring short-term noise, we think the structural foundation of the gold rally has not changed”
“Gold prices are searching for a floor before they can focus on the next upside catalyst.”