Why gold prices could keep rising despite high US yields and interest rates
Gold is forecast to hit as high as US$5,400 an ounce in 2027.
Gold prices are expected to continue rising into 2027 despite high US interest rates and bond yields, as central bank purchases and concerns over US government debt continue to support demand for the precious metal. While higher interest rates and bond yields typically weigh on gold prices, the recent rise in longer-term yields has been driven partly by concerns over the amount of debt being issued by the US government to fund its deficit.
At the same time, central banks are buying gold to protect against financial crises and currency risks, with global purchases reaching nearly double the annual average before 2022. Analysts expect central bank purchases in the third quarter of 2026 to be a key indicator for future gold prices.
Brief written by urgent.news from Straits Times Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
