The World Gold Council has set a $4,100 per ounce target for gold for the remainder of 2026, signaling confidence in the metal’s trajectory despite a modest decline year-to-date.
Taylor Burnette, representing the council, outlined the outlook in a recent interview, emphasizing that longer-term trends remain firmly positive and that the current price action reflects a temporary pause rather than a structural shift.
Comex gold futures recently touched an intraday high of $4,111 per troy ounce, marking a second consecutive session of gains.
The bullish stance comes as market sentiment toward safe-haven assets appears to be stabilizing.
After a period of sustained selling pressure that weighed on traditional stores of value, gold and Bitcoin are both tracking for weekly gains.
This synchronized recovery suggests a renewed appetite for non-yielding assets, potentially driven by macroeconomic uncertainty or a softening US dollar.
Comex gold futures recently touched an intraday high of $4,111 per troy ounce, marking a second consecutive session of gains.