Central Banks Expect Gold to Trade Between $5,000 and $6,000 in 12 Months: OMFIF Survey

According to an OMFIF survey featured in Kitco News, 74 central banks managing over $10 trillion in assets expect gold to trade between $5,000 and $6,000 per ounce within 12 months. Sixty-one percent of respondents hold this price expectation for June 2027.

The survey found that 82% of central banks now hold physical gold, up from 71% a year ago, while 30% plan to increase their gold allocations over the next one to two years. Geopolitical concerns have emerged as a key driver, with 51% of reserve managers citing protection against geopolitical risk as a reason to own gold, up 11 percentage points from 2024.