Investment Bank Lifts Gold Forecast 10% to $2,200, Picks Barrick Gold
AUAU•
An investment bank raised its year-end 2026 gold price forecast by 10% to $2,200 per ounce, citing persistent safe-haven demand and inflationary pressures. It named Barrick Gold as a preferred pick, boosting its target price to $25 and forecasting a 15% uptick in sector cash flow.
1. Forecast Revision and Rationale
The bank increased its year-end 2026 gold forecast by 10% to $2,200 per ounce, pointing to ongoing geopolitical uncertainty, sustained inflation rates above central bank targets and robust safe-haven buying to underpin prices.
2. Barrick Gold Highlighted as Top Pick
Barrick Gold was singled out among gold miners with its target price raised to $25, reflecting an anticipated 15% rise in average sector cash flows, supported by operating leverage to higher gold prices and disciplined cost control.
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