As the year-end approaches, precious metals have completely taken off. Gold has risen to 4400 USD, up nearly 70% this year; silver is approaching 70 USD, having surged 133% this year, and is expected to achieve the strongest annual performance in nearly 50 years since 1979. This surge is not random speculation; the core driving forces are clear: central banks continuously stockpiling gold + ETF inflows + declining interest rates + a weaker dollar.
What do institutions think?
Goldman Sachs: Structurally bullish, gold at 4900 USD by the end of 2026, retail investors may increase holdings even more
UBS: Weaker dollar and declining real interest rates, reaching 4500 by June next year is not difficult
World Gold Council: Fiscal expansion + central bank purchases, expected to rise another 5%-15% next year
BTC
86,977.27
-0.51%