The report, published in July 2026, said that under current macro conditions, gold may trade +-5 per cent around US $4,100/oz during the second half (H2) of 2026

Explore the World Gold Council's mid-year outlook on gold prices, examining the factors influencing its performance, including geopolitical tensions and market dynamics.

Gold prices have cooled from record highs, but fresh shocks in geopolitics or interest rates could quickly send the market higher again in 2026.