Rick Kanda of The Gold Bullion Company said gold could still return to around $5,000/oz this year, while last year's $6,000/oz target now looks out of reach. He said if global central banks keep buying, gold has a good chance of hitting $5,000/oz, but recent macroeconomic shifts have reduced gold's safe-haven appeal versus last year.

2026-06-17

Rick Kanda of The Gold Bullion Company said gold could still return to around $5,000/oz this year, while last year's $6,000/oz target now looks out of reach. He said if global central banks keep buying, gold has a good chance of hitting $5,000/oz, but recent macroeconomic shifts have reduced gold's safe-haven appeal versus last year.