IG releases the 2026 commodity outlook: the rise of gold is expected to continue, the rise of gold is expected to continue.

PANews, December 23 news, IG market analysts Farah Mourad and Ye Weiwen released the 2026 Commodity Outlook Report, pointing out that the precious metals and energy markets will continue to diverge:

Gold: Benefiting from a decline in real yields, high government spending, and ongoing demand for gold from central banks, the upward trend in gold prices is expected to continue. Major investment banks forecast that gold prices will range between $4,500 and $4,700 in 2026, with the possibility of breaking through $5,000 under favorable macroeconomic conditions.

Silver: After soaring 120% in 2025, silver has entered a price exploration phase. Supply has been in shortage for the fifth consecutive year, coupled with accelerating industrial demand, and the target price is expected to break through $65, with technical models pointing to $72 or even $88.

Energy: The oil market is under pressure as supply growth far exceeds demand, with an expected average price of $62.23 per barrel for Brent crude and $59 per barrel for WTI crude in 2026. JPMorgan warns that if the oversupply worsens, Brent crude prices could drop to the $30 range.

The report indicates that the precious metals sector is driven by real macro demand and has long-term structural support; meanwhile, the energy market faces structural downward pressure, and geopolitical risks may limit the decline in oil prices.