New Delhi, Aug. 5 -- Gold may correct by up to 8 per cent in the near term before resuming its rally towards USD 5,500 over the next 12-15 months, Motilal Oswal Financial Services Ltd. (MOFSL) said in its H1 2026 Precious Metals Outlook, advising investors to adopt a staggered accumulation strategy and remain patient.

MOFSL report highlighted a shift in the factors driving gold prices, noting that geopolitical conflicts no longer automatically translate into gains for the precious metal.

It has recommended a staggered accumulation strategy for long-term investors, noting "gold could witness a correction of 6-8% from current levels before targeting USD 4,800 (Rs 4,56,564.24), followed by USD 5,500+ (Rs 5,23,146.53) over a 12-15 month hor...