Bullish
Wells Fargo Cuts 2026 Gold Target to $4,900-$5,100 Range
21:35
Wells Fargo reduces gold price forecasts for 2026 and 2027, lowering the 2026 end-year target range to $4,900-$5,100 per ounce from previous estimates.
Woofun AI reports that Wells Fargo has adjusted its gold price projections downward. The bank lowered its target range for the end of 2026 from $5,300–$5,500 per ounce to $4,900–$5,100 per ounce.
Additionally, the forecast for the end of 2027 was reduced from $5,800–$6,000 per ounce to $5,400–$5,600 per ounce.
WOOFUN AI
Impact Assessment · Quick Read
The downward revision reflects a more conservative outlook on near-term precious metals valuation. A lower ceiling may dampen speculative inflows into gold-backed assets, though the retained high-five-figure targets suggest underlying bullish sentiment remains intact for longer horizons.
Generated by WOOFUN AI · For reference only, not investment advice
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