Gold Prices to Hit Record High in 2027, Averaging $5,330, Metals Focus Forecasts - finance.biggo.com

AI desk brief

Metals Focus sees gold setting a fresh record in 2027, forecasting an average price of $5,330/oz, about 28% above the current $4,152/oz, with inflation, widening U.S. fiscal deficits and policy uncertainty driving investment demand into hard assets. The firm warns a more hawkish Fed would cap near-term upside, while current market pricing already reflects some uncertainty: spot gold is up 0.1% at $4,139.89/oz, U.S. futures are down 0.1% at $4,156.80/oz, and odds of an October Fed hike have fallen to 22% from about 70% last week, though December is still priced high at 84%.

The call is supported by central-bank buying and safe-haven demand: WGC data show Q2 2026 net purchases of 289t, up 62% YoY and the highest second-quarter total on record, led by Poland and China. Metals Focus is also bullish on silver, with prices seen rising from $70/oz in Q4 2026 to above $90/oz in Q4 2027 on renewed investor interest, while platinum is forecast at $2,060/oz in 2027 on a fifth straight year of supply deficits; palladium remains bearish at $1,330/oz on weak auto demand and improving supply.