OCBC Bank raises its gold price forecast, expecting it to break through $4,000 in 2026

Heng Koon How, head of global economics and market research at Oversea-Chinese Banking Corporation, said that with the continued increase in global retail investment demand, there is no sign of gold's upward trend slowing down. Since breaking through $3500 per ounce technically, gold has continued to rise over the past month. He pointed out that strong safe-haven fund inflows driven by de-dollarization concerns are supporting the demand for gold ETFs, futures, and related investment products. All the key long-term bullish factors for gold - especially the further weakening of the US dollar and the continued increase in central bank allocations - remain solid. Coupled with the surge in retail investment interest, Oversea-Chinese Banking Corporation has further raised its gold price expectations, expecting it to break through $4000 per ounce by 2026.