The price of gold could rise to $6,000 per ounce by the end of 2026, according to David Wilson of BNP Paribas.
As of 3:43 p.m. on Tuesday, April gold futures on the Comex exchange were down 0.1% at $5,075.5 per ounce. BNP’s forecast predicts an increase of approximately 20%.
The precious metal is supported by demand from central banks around the world. In particular, the Polish Central Bank announced in January its intention to purchase another 150 tons of gold. In addition, gold-focused exchange-traded funds (ETFs) are seeing a steady inflow of client funds, Wilson said in an interview with Bloomberg TV.
Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in a video on its YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=BywddHO-JFWFqUFA
