💰 | The World Bank expects gold to stay above $4,000 through 2028

✔ The World Bank expects gold to remain at elevated levels in the coming years, with an average price of $4,600 per ounce in 2026, before falling to $4,250 in 2027, then $4,000 in 2028

✔ For silver, the World Bank expects a sharper correction after its strong performance this year; it forecasts an average price of $70 per ounce in 2026, then a decline to $62 in 2027 and $58 in 2028 🔴

✔ The bank said recent pressure on precious metals was due to rising U.S. bond yields, a stronger dollar, and expectations that interest rates will remain high

✔ The World Bank noted that demand for gold jewelry is weak due to high prices, while silver faces additional challenges from declining use in solar panels ⚪️

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