Gold forecasts split between a rebound and a deep 2027 decline

Standard Chartered forecasts average gold prices of $4,650 in Q4 2026 and $4,850 in Q1 2027, citing ETF inflows and official demand. In contrast, a bearish thesis projects $3,200 in 2027 and possibly $3,000, partly on weaker central-bank buying; both are attributed forecasts with substantial uncertainty.