TechFlow, Oct 6 — According to Jinshi Data, Heng Koon How, Head of Global Economics and Market Research at OCBC, said that as global retail investment demand continues to rise, gold's upward trend shows no sign of slowing. After technically breaking through $3,500 per ounce, gold has continued climbing over the past month.
He noted that strong safe-haven capital inflows driven by de-dollarization concerns are supporting demand for gold ETFs, futures, and related investment products. All key long-term bullish factors for gold—especially further weakening of the U.S. dollar and sustained central bank buying—remain firmly in place. Combined with surging retail investor interest, OCBC has further raised its gold price forecast, expecting it to surpass $4,000 per ounce by 2026.
