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The Economic Times

Economy / The Economic Times

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Gold may hit $5,000 an ounce as central banks, Asian buyers drive demand

Gold prices are predicted to stay elevated between USD 4,200 and USD 5,000 per ounce over the next two years. Central bank purchases and strong demand from Asian markets are driving these prices. While US interest rate movements traditionally influence gold, their impact is diminishing. Increased global gold production is forecasted, but supply limitations may sustain price levels. Geopolitical developments could influence gold's future price trajectory significantly.

21 Oct 2026 9:45 am