Wells Fargo believes that the downside risk for gold is limited, and there is considerable room for long-term growth. The bank's strategist said that most of the interest rate hikes are already included in the deposit price, and the short-term gold price may fall to 3,500 US dollars, but the bank predicts that the price of gold will rise to 5,300-5,500 US dollars and 5800-6000 US dollars/ounce by the end of 2026 and 2027, respectively.

Wells Fargo believes that the downside risk for gold is limited, and there is considerable room for long-term growth. The bank's strategist said that most of the interest rate hikes are already included in the deposit price, and the short-term gold price may fall to 3,500 US dollars, but the bank predicts that the price of gold will rise to 5,300-5,500 US dollars and 5800-6000 US dollars/ounce by the end of 2026 and 2027, respectively.