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CommoditiesMedium•30 June 2026•

2 min read

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

Key Facts

1An OMFIF survey shows central banks expect gold to trade between $5,000 and $6,000 in 12 months, with increasing commitment to gold as a strategic asset.

Amid rising geopolitical uncertainty and global financial fragmentation, a survey by the Official Monetary and Financial Institutions Forum (OMFIF) reveals that central banks expect gold to trade between $5,000 and $6,000 per ounce over the next 12 months. The survey shows increasing commitment to gold as a strategic asset among these institutions, despite recent market volatility. The forecast is based on central banks' view of gold as a safe-haven in an uncertain economic environment.

This outlook comes while gold currently trades much lower, at around $3,250 per ounce (close of June 30, 2026) according to market data. The wide gap between current prices and the survey's range suggests central banks see significant upside potential, supported by record central bank purchases in recent years. During the first quarter of 2026, central banks continued high levels of gold buying, reinforcing structural demand for the yellow metal.

Investors are now watching upcoming economic data and Fed moves, as recent personal spending and inflation indicators (per the economic calendar) point to persistent inflationary pressures, which could support gold as a hedge. Markets are also awaiting any signals of a shift in major central bank policy, especially Fed rate cut expectations in the US, which could drive gold toward the survey's target range.