ANZ: Gold to Break Through $5,000 in the Second Half of the Year

Odaily News According to Daniel Hynes, Senior Commodity Strategist at ANZ, following a strong performance in 2025, the outlook for gold and silver remains optimistic heading into 2026. He pointed out that renewed geopolitical tensions, concerns over the Federal Reserve's independence, and a lack of U.S. fiscal discipline may continue to drive capital inflows into the gold market. Regarding silver, tight physical supply is intensifying price volatility. Hynes believes that confirmation of U.S. import tariff exemptions would alleviate supply pressure, but factors such as the market's supply-demand imbalance and robust industrial demand will continue to provide solid support for prices. The bank expects gold to trade above $5,000 per ounce in the second half of the year. (Jin10)