Gold Forecast Westpac

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Gold Forecast Westpac

Gold To Touch $4500 In 2026

According to Westpac's forecast, Gold is likely to touch $4.5K in 2026. The overall target for the Gold is around $4300 - $4500, which shows that Westpac is expecting very little to no upside in Gold.

Given the strong performance of Gold in 2025, many investors are hopeful that the yellow metal will deliver similar performance in 2026.

Gold To Remain Supported

However, the Westpac forecast shows that Gold may go nowhere in 206 or even end the year on a bearish note. But, Westpac added that Gold is likely to stay strong and has found a strong base in the form of $4000.

The chances of a dip below the $4K are very low, given the geopolitical and economic situation. In fact, rates will go down at a fast pace in the USA this year, which will also continue to support the yellow metal.

If we look at 2025, one of the best performers in 2025 was Gold, which even beat Bitcoin by a long margin. In fact, Bitcoin actually closed last year in loss while Gold gave impressive returns.

Meanwhile, Silver also enjoyed a sharp bullish rally, which even outpaced Gold. In this regard, Westpac believes that this move in silver was the result of US buyers accumulating silver because of potential tariffs.

In 2026, Westpac believes that the US-China dialogue will help ease some of the tension. On top of that, the geopolitical tension is also likely to go down, which will prevent the Gold from making a new high.

Amidst all of this, Westpac thinks that Gold will be near $4500 during the 2nd half of 2026. It's worth noting that Westpac's forecast means the Gold will not drop and maintain its current levels.

The bank also added that a fresh catalyst will be needed for the Gold to make a decisive breakout. So, if the gold market gets such a catalyst, then the next obvious stop for the Gold will be $5000 or even higher.

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