$5400, 5800, or Beyond $6000: Would You Reload Gold?
After retreating from $5,600 highs, ANZ now lifts its Q2 2026 gold target to $5,800, arguing the pullback may attract fresh inflows. Unlike 1980 or 2013, analysts see structural drivers — central bank diversification, dollar skepticism, geopolitical stress, and policy uncertainty — underpinning demand.
ANZ says gold’s strategic “insurance” bid remains intact. Meanwhile, silver is expected to track gold but underperform, with the gold-silver ratio reverting toward 70:1.
With Goldman at $5,400 and UBS/JPM near $6,200–$6,300 — is this consolidation, not a top?
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