Wall Street analyst raises Gold price target for 2026
The post Wall Street analyst raises Gold price target for 2026 appeared on BitcoinEthereumNews.com. Bob Bracket, a Wall Street analyst at Bernstein Research, has raised his Gold (XAUT) price target for the end of the year and the second half of 2026. Bracket raised the firm’s 2027 gold price forecast to $4,533 per ounce, signaling a potential 10.9% upside from the asset’s price of about $4,087.79 on July 10. At the beginning of this month, the firm set its 2026 gold price target at $4,180 per ounce, but has since revised. Additionally, Bracket set the firm’s second-half 2026 gold price target at $4,375 per ounce, implying a possible 7.0% upside over the coming months. The Wall Street analyst reiterated the same tailwinds likely to push gold higher in the near future. For instance, Bracket cited the strong demand for gold from global central banks, led by the People’s Bank of China (PBOC). He further noted that the asset has strong institutional support, as evidenced by limited outflows