Gold Price – Today’s Chart – Historical Data – Outlook - TheBull.com.au

AI desk brief

The article cites World Gold Council data showing central-bank net gold purchases rose 42% year-on-year to 321 tonnes in Q3 2026, alongside approximately 26 tonnes added to China’s reserves in October 2026. It attributes 2027 forecasts of $6,300/oz to J.P. Morgan and $5,400/oz to Goldman Sachs, supported by reserve diversification and anticipated monetary easing. However, these are projections, and the article identifies Fed hawkishness, dollar strength and higher real yields as near-term constraints. Bank of America’s $8,000/oz tail-risk scenario explicitly requires a major geopolitical shock or significant deterioration in US fiscal credibility.