OCBC Lowers Gold and Silver Year-End 2026 Forecasts

Singapore-based bank OCBC has revised down its year-end 2026 price forecasts for gold and silver, citing high real yields, a strong US dollar, and weakening investor demand. The bank expects a more challenging near-term outlook for precious metals but maintains a positive long-term view. According to OCBC's assessment, current macroeconomic conditions are putting pressure on gold and silver prices. In particular, elevated real yields and a robust US dollar are reducing investor demand for precious metals. The bank notes that these factors will likely constrain prices in the short term. However, OCBC retains a bullish long-term outlook for gold and silver. The bank emphasizes that signals regarding the Federal Reserve's interest rate path will be decisive for the direction of precious metals. Expectations of rate cuts or signs of monetary policy easing could support gold and silver prices. Investors will closely monitor Fed statements and economic data in the coming period. OCBC's revised forecasts provide an important reference point for market participants. The bank's cautious short-term stance is balanced by its long-term optimism. This is not investment advice.