ING forecasts average gold price of $4,150 per ounce in 2026 amid central bank buy

Gold's recent rise in value suggests that its ascent may be just beginning. This matters because gold has historically been a safe haven during economic uncertainty, and as more investors turn to it, its significance in financial markets could increase. The allure of gold, often described as a tangible connection to eternity, continues to captivate those seeking stability in their investments.

French President Emmanuel Macron has reappointed Sébastien Lecornu as Prime Minister, signaling a commitment to advance the government's agenda, particularly in finalizing the budget for 2026. This decision is significant as it reflects Macron's confidence in Lecornu's leadership during a crucial period for the country's financial planning.

In the latest episode of Bloomberg Markets, Samantha Dart from Goldman Sachs shared exciting news about the gold market, raising the December 2026 gold target to an impressive $4,900. This significant adjustment reflects the ongoing shifts in global asset classes and highlights the importance of staying informed about market trends. Investors and analysts alike should pay attention to these insights as they could influence trading strategies and investment decisions in the coming years.

The escalating trade tensions between the US and China have caused significant turmoil in the financial markets, leading to a sharp decline in stocks, oil, and cryptocurrencies. President Trump's warning of a potential increase in tariffs has rattled investors, resulting in the S&P 500 experiencing its worst day since April. This situation is crucial as it not only affects market stability but also raises concerns about the broader economic implications of a prolonged trade war.

In a surprising turn, Canada created over 60,000 jobs last month, exceeding economists' expectations and providing a much-needed boost to a previously weak labor market. This positive development raises questions about the central bank's next moves regarding interest rates, as the strong hiring figures may lessen the urgency for further cuts. It's a significant moment for the Canadian economy, indicating resilience and potential recovery.

The CEO of Wheaton Precious Metals Corp. has made an optimistic prediction that gold prices could soar to over $5,000 an ounce within the next year, potentially doubling by the end of the decade. This forecast is significant as it reflects growing confidence in the precious metals market, which could influence investment strategies and economic stability.

Wheaton Precious Metals CEO Randy Smallwood is optimistic about the future of gold, predicting it could reach $5,000 an ounce within the next year and potentially soar to $10,000 by the end of the decade. This bullish outlook is significant as it reflects confidence in the precious metals market, which could influence investment strategies and economic stability.

The IRS has announced the finalized tax brackets and standard deductions for 2026, which is great news for many taxpayers. By raising the thresholds, the new brackets will help alleviate bracket creep, allowing most filers to keep more of their hard-earned money. While the top rate of 37% remains for higher incomes, the adjustments are a positive step towards a fairer tax system, especially under the One Big Beautiful Bill. This change is significant as it directly impacts paychecks and financial planning for millions.

HSBC has forecasted that gold prices are likely to reach their peak in the first half of 2026. This prediction is significant as it suggests a potential investment opportunity for those looking to capitalize on rising gold values. Investors and market analysts will be closely monitoring these trends, as fluctuations in gold prices can impact various sectors and economies.

Turkey's recent surge in gold prices has significantly increased the wealth of its households, amounting to billions of dollars. While this might seem beneficial at first glance, it poses a challenge for the central bank as it struggles to control inflation. The rising gold prices complicate monetary policy efforts, making it harder to stabilize the economy and manage price levels effectively.

Gold prices have made a notable rebound after recently dipping below $4,000 per ounce, driven by increased demand for safe-haven assets. This shift is significant as it reflects investor confidence in gold as a reliable store of value during uncertain economic times. The rise in prices indicates a renewed interest in gold, suggesting that investors are seeking stability amidst market volatility.

Malaysia is gearing up to invest a substantial $111 billion in its 2026 budget, aiming to enhance its tax collection efforts. This ambitious financial plan is expected to stimulate economic growth and improve public services, reflecting the government's commitment to strengthening the nation's fiscal health. Such investments are crucial as they can lead to job creation and infrastructure development, ultimately benefiting the citizens.

Former President Trump has intensified the ongoing trade war between the U.S. and China by promising new tariffs on Chinese goods. This move could escalate tensions further, impacting global markets and trade relations. The implications of such tariffs could lead to increased prices for consumers and strain economic ties, making it a significant development in international trade.

As grocery prices continue to rise, a recent evaluation of loyalty programs like Tesco's Clubcard and Sainsbury's Nectar reveals their potential benefits for consumers. With discounts on popular items, these schemes may help shoppers save money amidst increasing costs. Understanding the value of these loyalty cards is crucial for consumers looking to make informed choices about their grocery shopping.

Central London's skyrocketing rents are becoming a pressing issue, as only the wealthiest tenants can afford to live in the city's most desirable neighborhoods. This trend is causing a ripple effect, pushing many residents to seek housing in less expensive areas, which could lead to significant changes in community dynamics and local economies. It's a situation that highlights the growing divide in urban living costs and raises questions about affordability and accessibility in one of the world's major cities.

Former President Donald Trump has threatened to impose 100% tariffs on Chinese goods, a move that could escalate trade tensions between the U.S. and China. This threat comes as part of his ongoing criticism of China's trade practices, which he claims harm American businesses and workers. If implemented, such tariffs could lead to increased prices for consumers and further strain the already complicated U.S.-China relationship, making it a significant issue for both economies.

US President Donald Trump has escalated tensions with China by threatening to impose a staggering 100% tariff on Chinese imports, effective November 1 or sooner. This move comes in response to China's new export controls on rare earth elements, which are crucial for various industries. Trump's comments also cast uncertainty on his planned meeting with Chinese leader Xi Jinping during his upcoming trip to South Korea. This situation is significant as it could further strain US-China relations and impact global markets.

The Los Angeles Times is taking significant steps towards a public stock offering, which could mark a new chapter in its financial journey. This move is important as it may provide the newspaper with the capital needed to invest in quality journalism and expand its reach, ultimately benefiting its readership and the media landscape.