Geopolitical risks are expected to remain central to the gold demand outlook in 2026, supporting investment and central bank buying, the report said. Elevated inflation and persistently high prices are also seen underpinning investment demand. Jewellery demand is likely to stay under pressure due to high prices, although overall spending is expected to remain resilient.

2026-04-29

Geopolitical risks are expected to remain central to the gold demand outlook in 2026, supporting investment and central bank buying, the report said. Elevated inflation and persistently high prices are also seen underpinning investment demand. Jewellery demand is likely to stay under pressure due to high prices, although overall spending is expected to remain resilient.