IG forecasts that gold could rise to 4,500–4,700 USD in 2026 and may exceed 5,000 USD if macro conditions are favorable, in the context of precious metals and energy continuing to diverge.
The 2026 Commodities Outlook report by IG analysts Farah Mourad and Ye Weiwen suggests that macro support is leaning towards precious metals, while the oil market is under structural pressure due to supply increases far exceeding demand.
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Gold is forecasted to continue its upward trend; it may exceed 5,000 USD.
Silver, after rising 120% in 2025, aims for a target above 65 USD; the technical model indicates 72–88 USD.
Oil is expected to decline: Brent averaging 62.23 USD; WTI 59 USD in 2026; there is a warning for Brent around the 30 USD range.
Precious metals: Gold and silver have increased expectations.
IG states that precious metals have long-term structural support, with gold benefiting from lower real yields, high government spending, and central banks continuing to buy gold.
In the report, major investment banks forecast the gold price in 2026 will be in the 4,500–4,700 USD range. If the macroeconomic environment is favorable, gold could break through 5,000 USD, reflecting real macro demand and systemic buying power.
With silver, after rising 120% in 2025, the market is described as entering a price discovery phase. IG mentions a fifth consecutive year of supply shortages and accelerating industrial demand; the target is expected to exceed 65 USD, while the technical model points to 72 USD or even 88 USD.
Energy: Oil is under pressure, but geopolitical factors may limit the decline.
The oil market is assessed to be under pressure due to increasing supply exceeding demand, creating structural downside price risks in 2026.
IG forecasts Brent crude averaging 62.23 USD and WTI crude averaging 59 USD in 2026. JPMorgan Chase warns that Brent crude could fall to the 30 USD range if the oversupply situation worsens.
However, the report also notes that geopolitical risks could act as a buffer, limiting the extent of oil price declines even as the supply-demand picture remains downward pressure.
Source: https://tintucbitcoin.com/ig-du-bao-vang-tang-nam-2026/
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