World Bank lifts copper price outlook by 18%

AI desk brief

World Bank sees gold averaging $4,250/oz in 2027, down 7.6% from this year’s projected $4,600, as investment demand and central-bank buying moderate from still-supportive levels. The bank said those two sources accounted for about half of gold demand in the first half, while high prices are weighing on jewellery and boosting recycling.

Silver is projected to average $62/oz next year, down 11% from $70 this year and below its April forecast, with industrial demand growth only partly offsetting weaker jewellery-style demand and rising substitution in solar manufacturing. Mine output is expected to rise only modestly, but the bank expects recycling and supply gains to ease market tightness.