Gold demand will drop this year even as supply increases, but average price will still rise 43% in 2026 - Metals Focus

(Kitco News) – The global gold supply will see modest growth in both mine production and recycling in 2026, even as gold demand is projected to decline as double-digit losses in jewelry and central bank purchases are offset by increased investor appetite for bars and coins, which will replace jewelry as the largest component of demand for the first time, while the annual average gold price is forecast to surge by 43% to a new record high of $4,920, according to the latest analysis and projection