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Wells Fargo Revises Gold Forecast Down | Raleigh News
Wells Fargo’s gold price forecast took a dramatic nosedive after betting big on a $6,100–$6,300/oz target by 2026, only to slash it twice—now sitting at $4,900–$5,100/oz—due to Fed rate hikes, a stronger dollar, and stubborn bond yields that make gold less appealing. Investors who chased the earlier bull case now face slashed returns, with the midpoint dropping $1,200 since February. The bank still sees gold as viable, but the upside is now likely deferred until 2027, proving how sensitive gold is to interest rates and currency strength. Listen in comfort:Get a discount on a Soli Pillow…
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