#oro It Went Up to the Rise Broth/07/2026 Sim Moh Siong and Christopher Wong from OCBC have reduced their forecasts for the end of 2026 for the price of gold and silver, citing a tougher short-term macroeconomic backdrop with higher real yields, a stronger U.S. dollar (USD), and slower ETF demand. However, they maintain a slightly upward trajectory, arguing that gold’s medium-term diversification role and silver’s history of structural deficits remain intact, with stronger conviction conditional on a more favorable macroeconomic environment.Lower targets but medium-term outlook supported“The forecast levels for gold and silver have been reduced, but not the direction. The revision reflects a more challenging short-term macroeconomic environment.”“The forecasts for gold and silver have been cut to $4,360.$ and $67, respectively, for end-2026 (PreciousMetals Focus – Gold and Silver: Forecasts revised lower, June 30, 2026). The change reflects a more challenging short-term macroeconomic backdrop rather than a complete revaluation of the medium-term structural case for the precious metals.”“In particular, the short-term environment has deteriorated for both metals. Real yields have been reset higher, the USD has strengthened, expectations for the Fed have shifted in a more aggressive direction, while ETF demand has declined.”“The turn in gold and silver prices requires the macro environment to improve and to include a decline in real yields, a weaker USD, or a clearer unwinding of aggressive Fed expectations.”“Without that, rallies are likely to fade and gold and silver will spend more time consolidating below prior highs.”(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.) #oro