Gold had a rough Q2, but central bank demand will push prices higher through 2026 – Invesco

Invesco says Q2 was gold’s worst quarter in 12 years, as spiking energy prices lifted inflation expectations and raised the risk of rate hikes. Despite the headwind, it expects central bank demand to support gold and keep it on track to finish the year positive.

Analysis

Invesco says Q2 was gold’s worst quarter in 12 years, as spiking energy prices lifted inflation expectations and raised the risk of rate hikes. Despite the headwind, it expects central bank demand to support gold and keep it on track to finish the year positive.