ANZ Bank on Tuesday projected gold to hit $5,800 per ounce by Q2 2026. The bank raised its prior $5,400 target, citing inflation, tariffs, and geopolitical risks.
Gold traded near $4,900 on Tuesday and remained rangebound on charts. According to ANZ’s report, the bank revised its target to $5,800 per ounce.
ANZ Bank said geopolitical tensions, tariff threats, and rising inflation data will keep investors seeking real assets. The report also noted doubts about future Fed credibility and shifting market attention toward tariff impacts.
“We expect two 25bp rate cuts, one in March and another in June. This will keep real rates falling, supporting inflows into gold,”
The $5,800 target implies about an 18.5% rise from current levels (Ed. note: roughly a $900 increase).
Analysts concluded gold could act as a transitional asset while fiscal and geopolitical stability remain unresolved. “Gold serves as a transitional asset, providing stability and diversification when conventional anchors are under pressure,”
