ING Cuts Gold and Silver Forecasts as Dollar Strength and Rising Yields Weigh on Prices
ING lowered its precious metals price forecasts as gold fell below $4,000 per ounce to a 2026 low, citing elevated U.S. bond yields and a strengthening dollar as primary headwinds.
revised its gold and silver price forecasts downward as gold dropped below $4,000 per ounce and touched a new low for 2026, pressured by elevated U.S. bond yields and a strengthening dollar [1].
The Dutch financial services group (NYSE: ) cited surging momentum in the U.S. dollar and elevated bond yields as the primary headwinds for precious metals [1]. Gold prices fell below the $4,000 threshold, marking the weakest level of the year [1]. Silver forecasts were also cut, though the bank did not disclose revised target levels.
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