Kitco
05 Jun 2026, 14:55 UTC · 2h ago
Gold demand will drop this year even as supply increases, but average price will still rise 43% in 2026 – Metals Focus
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Kitco
05 Jun 2026, 14:55 UTC · 2h ago
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5 claims · impact-rated
Metals Focus forecasts the average gold price to surge 43% to a new record high of $4,920 in 2026. — A specific, massive price target for a major asset class acts as a strong bullish signal for gold investors and miners.
+0.90Physical investment is projected to replace jewelry as the largest component of gold demand for the first time. — A structural shift toward investment-grade gold over decorative use indicates stronger long-term support for prices.
+0.40Global gold mine supply is forecast to increase by 2.4% in 2026 to 3,907 tonnes. — Increased supply typically puts downward pressure on prices, though the scale here is modest compared to the price forecast.
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6 related stories
Global jewelry fabrication is expected to decline by a further 11% in 2026 following a 19% drop in 2025. — Significant weakness in the largest traditional demand segment is a fundamental headwind for the metal.
Gold all-in sustaining costs (AISC) rose by 12% year-on-year to $1,552/oz due to inflationary pressures and higher royalties. — Rising production costs squeeze margins for mining companies despite higher top-line gold prices.
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