OCBC analysts Sim Moh Siong and Christopher Wong have revised down their price forecasts for gold and silver through to the end of 2026. This adjustment reflects a more difficult near-term macroeconomic environment, according to FX Street.
The analysts pointed to factors such as higher real yields, a stronger US Dollar, and slower demand for exchange-traded funds (ETFs) as key reasons behind the lowered outlook for these precious metals. These elements are expected to weigh on gold and silver prices over the coming years.
For Japanese investors, this forecast update highlights the ongoing challenges precious metals face amid global monetary tightening and currency fluctuations, factors that also influence domestic portfolio strategies in FX and equities markets.