OCBC Group Research strategists say gold remains an effective medium‑term
portfolio diversifier but prices may be pressured by a tougher macro backdrop.
Central bank buying — several central banks have signaled plans to add to
reserves over the next 12 months — should support demand. However, investors
have largely priced Fed tightening; rising real yields and a stronger dollar are
likely to exert short‑term headwinds that may not be fully offset. OCBC
forecasts gold at $4,360/oz by end‑2026 and $4,680/oz by end‑Q2 2027.
