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ICICI Bank forecasts gold prices could reach $5,000 per ounce by 2027

23 reports, 1 independent Updated Sep 26
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New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

ICICI Bank released a research report forecasting that gold prices could reach USD 4,600 to USD 5,000 per ounce in the first half of 2027. The bank expects gold to trade in the USD 4,200 to USD 4,600 per ounce range for the remainder of 2026. The report noted that the September correction was attributed to hawkish repricing of US monetary policy and higher oil prices.

From indiagazette.com

Why it matters

Some supportBrind's analysis of the reports

The forecast suggests that medium-term strength in gold prices is supported by continued investment demand, central bank purchases, and demand for gold as a hedge against global uncertainty. The bank also noted that Gold ETFs recorded USD 17.8 billion in inflows during August.

From indiagazette.com

Who's involved

  • ICICI BankIndian multinational Bank that issued the gold price forecast

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