Rate Hikes vs Safe Havens: Gold’s 2027–2028 Price Outlook - deVere Group

AI desk brief

The World Bank forecasts gold averaging $4,600/oz in 2027 and $4,000 in 2028, citing higher-for-longer rates and moderating demand. In the article’s November 2026 context, Goldman Sachs cut its end-2027 target to $4,800 from $5,400 but remained constructive on central-bank buying; Reuters’ poll median put the 2027 average at $4,650. Citing WGC data, the article reports Q3 investment demand down 14%, with weaker bar demand despite resilient ETF inflows. Stronger official purchases or geopolitical stress could support prices, while a more hawkish Fed could weigh; the article concludes that a December 9 rate increase could derail a year-end rebound.