{
  "id": 1755338,
  "title": "Wells Fargo revamps gold price target for the rest of 2026",
  "url": "https://urgent.news/2026/08/18/wells-fargo-revamps-gold-price-target-for-the-rest-of-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T16:03:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/commodities/articles/wells-fargo-revamps-gold-price-160300985.html"
  },
  "original_language": "en",
  "account": "Wells Fargo has revised its gold price target for the rest of 2026 and 2027, narrowing the range by $400 at each end. The bank lowered its initial 2026 target from $5,300 to $5,500 to $4,900 to $5,100, and its 2027 target from $5,800 to $6,000 to $5,400 to $5,600. The revisions were prompted by factors such as higher interest rates, stronger dollar, and rising oil prices, which have made gold less attractive compared to its January high near $5,594. Despite the target cut, Wells Fargo still expects gold to appreciate in the long run, with a 11% to 16% upside for 2026 and 23% to 27% upside for 2027. The bank still identifies central bank demand, reserve diversification, and geopolitical uncertainty as potential reasons for investing in gold. However, the timeline for a potential high has been pushed to 2027, due to higher-for-longer rates and a strong dollar.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}