World Gold Council or WGC stated in its mid-year update that Gold's performance in the first half of 2026 has underscored its sensitivity to shifting macroeconomic conditions, geopolitical risk, and investor sentiment. After surging to record highs above US$5,500/oz and retreating sharply, gold remains one of the top performing assets over the past 12 months. WGC noted that at current levels, gold's price is broadly in line with macro consensus expectations. But the stage is set for a possible breakout. It noted that we may see a period of further consolidation or experience a renewed upward trend in the second half of 2026.

Powered by Commodity Insights