World Bank Forecast: Gold and Silver to Peak in 2026, Expected to Decline Next Year

On April 29, the World Bank provided its assessment of the future trends of precious metals in the "Commodity Markets Outlook" released in April. Amid ongoing geopolitical conflicts that are disrupting the market, gold and silver prices have experienced significant fluctuations but are overall nearing a peak. The potential for price increases will be limited by 2026.
In the context of continued tensions in the Middle East, rising energy prices have intensified inflation expectations and reinforced market predictions for interest rate hikes, all of which are suppressing further upward momentum for precious metals. Nevertheless, the report still anticipates that prices will maintain a degree of resilience in the short term, with the possibility of continued growth for another year. Specific forecasts include:
The World Bank expects the average gold price this year to be around $4,700 per ounce, a 37% increase from last year; however, by 2027, gold prices are expected to decline by approximately 7%.
A similar outlook is provided for silver: the average price this year is projected to be around $70 per ounce, a 76% year-on-year increase, followed by a potential decline of 7% the following year.
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