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Report: Gold anticipates new record levels in 2027

Agencies2 min read

Report: Gold anticipates new record levels in 2027

Global precious metals companies have predicted that gold prices will record new record levels in 2027, as investors move to seek alternatives to traditional dollar-denominated assets, amid continuing inflationary pressures, growing fiscal deficits in the United States, and policy uncertainty.

The forecasts showed that the average price of gold is expected to reach $5,330 per ounce in 2027, an increase of nearly 22% from current levels, but indicated that the likelihood of the Federal Reserve (the US central bank) continuing to tighten its monetary policy to counter inflation—which remains above the target level—may exert pressure on prices in the near term.

Spot gold hit a record high of $5,594.82 per ounce in late January, but has since retreated by about 25% due to rising energy prices and the Federal Reserve's tightening of monetary policy, while prices are currently trading near $4,152.27 per ounce.

According to the report, silver prices are expected to rise over the next 12 to 18 months, benefiting from many of the same macroeconomic factors that support gold.

According to the report, renewed investor interest, rather than physical market supply tightness, will be the main factor supporting silver's gains, with its average price expected to exceed $90 per ounce in the fourth quarter of 2027, compared to an average of $70 per ounce in the fourth quarter of 2026.

The report added that platinum will remain supported by continuing market deficits, despite a decline in physical supply tightness, projecting the metal's average price to reach $2,060 per ounce in 2027, marking an annual market deficit for the fifth consecutive year.

As for other metals in the platinum group, the outlook for palladium appears less positive, as its average price is expected to reach $1,330 per ounce in 2027, amid weak demand from the automotive sector, improved mine supplies, and increased recycling volumes.

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