Gold prices could hit $5,000 by year-end as central banks keep buying: Metals Focus - cnbctv18.com

AI desk brief

Metals Focus’ Philip Newman says gold could reach $5,000/oz by end-2026, with $4,300/oz seen as strong support as central-bank buying keeps underpinning the market. He argues the latest U.S. rate hike and expectations for another this year are largely priced in, while rising U.S. debt is becoming an increasingly important bullish factor for investors.

Central banks remain the key demand anchor, with strong Q2 buying and expectations of decent Q3 purchases described as providing a floor under prices. Newman also expects India’s festival/wedding demand to improve despite high prices, noting orders are being postponed rather than cancelled; he sees limited recycling pressure and says silver could move to $80/oz if gold reaches $5,000.