{
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    "data": {
        "id": 1642796,
        "msgid": "wells-fargo-predicts-gold-price-to-reach-6-300-us-dollars-by-2026-1774846292",
        "date": "2026-03-30 10:54:00",
        "title": "Wells Fargo Predicts Gold Price to Reach 6,300 US Dollars by 2026",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "Wells Fargo Investment Institute has raised its forecast for the global gold price to between 6,100 and 6,300 US dollars per troy ounce by the end of 2026, up significantly from the previous range of 4,500 to 4,700 dollars, maintaining a bullish outlook despite short-term pressures. The recent 15% drop in gold prices over a month reflects market volatility amid high US inflation, rising energy costs from ongoing war escalations, and a strengthening US dollar, which diminishes gold's appeal as a non-yielding safe-haven asset. This projection underscores gold's long-term resilience as a hedge against macroeconomic uncertainties, even as it corrects from a January 2026 peak of 5,600 dollars following a 19% decline.",
        "content": "<p>JAKARTA, KOMPAS.com \u2013 Global financial institution Wells Fargo is\nmaintaining its bullish view on gold prices despite the precious metal\nfacing short-term pressures.<\/p>\n<p>In its latest report, the Wells Fargo Investment Institute has raised\nits projection for the global gold price at the end of 2026 to the range\nof 6,100 US dollars to 6,300 US dollars per troy ounce.<\/p>\n<p>This projection is a significant increase compared to the previous\nestimate in the range of 4,500 US dollars to 4,700 US dollars.<\/p>\n<p>Gold prices are known to be under pressure amid a combination of\nmacroeconomic factors, including interest rate policies and the\nstrengthening of the US dollar.<\/p>\n<p>Quoted from Mining.com on Monday (30\/3\/2026), in recent times, gold\nhas even fallen by around 15 percent in one month, reflecting increased\nmarket volatility.<\/p>\n<p>This pressure occurs as the market considers the direction of US\nmonetary policy amid still relatively high inflation. This condition\nreduces the appeal of gold as a non-yielding asset.<\/p>\n<p>\u201cEnergy price increases due to the ongoing escalation of the war are\nexacerbating inflation,\u201d said Meger.<\/p>\n<p>He added that this condition is one of the factors pressuring gold\nprices in the short term.<\/p>\n<p>\u201cI don\u2019t think there\u2019s a lack of demand for safe-haven assets. I just\nbelieve that other pressures outweigh that demand,\u201d he said.<\/p>\n<p>Previously, gold prices had hit an all-time high of around 5,600 US\ndollars per troy ounce in January 2026.<\/p>\n<p>However, after that, prices experienced a correction of about 19\npercent and moved in the range of 4,400 US dollars per troy ounce by the\nend of March 2026.<\/p>\n<p>This correction was triggered by several factors, including the\nstrengthening of the US dollar, rising real yields, and a shift in\nmarket sentiment towards risk-on assets in line with global geopolitical\ndynamics.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/wells-fargo-predicts-gold-price-to-reach-6-300-us-dollars-by-2026-1774846292",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}