ANZ Bank predicts that gold prices will break through $5,000 per ounce in 2026.

According to Mars Finance, on January 14th, ANZ Bank's Senior Commodity Strategist, Daniel Haines, stated that after a strong performance in 2025, the outlook for gold and silver remains optimistic for 2026. Escalating geopolitical tensions, concerns about the Federal Reserve's independence, and the lack of fiscal discipline in the United States are likely to continue driving capital inflows into the gold market. Regarding silver, tight physical supply is exacerbating price volatility. Haines believes that confirmation of US import tariff exemptions would alleviate supply pressures, but the market's supply-demand imbalance and strong industrial demand will continue to provide solid support for prices. The bank predicts that gold prices will break through $5,000/ounce in the second half of the year. (Jinshi)