According to Jin10, Wells Fargo Investment Institute lowered its gold price targets, cutting its 2026 year-end target from $5,300-$5,500 per ounce to $4,900-$5,100 per ounce and its 2027 target from $5,800-$6,000 per ounce to $5,400-$5,600 per ounce, while still expecting gold prices to rise over the long term.