09/29/2026
A Higher Long-Term Base for Gold & Silver?
With gold currently trading above US$4,000 an ounce, BMO Capital Markets has raised its long-term average price forecast for gold.
🟡 : long-term average forecast raised 29% to US$4,000/oz from $3,100/oz
⚪ : long-term average forecast raised 31% to US$47/oz from $36/oz
📈 BMO forecasts gold averaging $4,650/oz in Q4 2026
🇨🇳 Chinese demand and monetary debasement remain important themes supporting BMO’s gold outlook
Near-term headwinds remain, including higher interest rates and bond yields, but BMO sees a higher long-term price environment for both precious metals.
Read more via Kitco News:
👉 https://www.kitco.com/news/article/2026-09-28/gold-and-silver-prices-are-struggling-now-much-higher-long-term-base
(Kitco News) - The gold market continues to struggle as rising tensions in the Middle East push oil prices higher, stoking new inflation fears and driving aggressive interest rate expectations.Both gold and silver prices have dropped below critical support levels as 10-year bond yields have pushed t...