New Delhi, July 4 -- Gold prices are expected to remain range-bound in the second half of 2026, but retain clear upside potential if economic or geopolitical risks worsen, according to the World Gold Council's Gold Mid-Year Outlook 2026.

The report, published in July 2026, said that under current macro conditions, gold may trade +-5 per cent around US $4,100/oz during the second half (H2) of 2026. However, the Council's scenario analysis suggests gold could resume its upward trend toward US $4,500/oz, and only a strong, clear signal may push it sustainably toward US $5,000/oz.

According to the World Gold Council, three catalysts could drive the next leg higher: worsening economic or geopolitical conditions, a reversal in interest-rate e...