Wells Fargo Boosts Gold Price Target to $6,100-$6,300/Ounce for 2026, Sees 23%-27% Upside

Wells Fargo raised its year-end 2026 gold target to $6,100 to $6,300 an ounce, a 35% hike from its previous range. This follows a recent pullback in tech stocks, and billionaire investor Ray Dalio dismissing the recent gold price drop. Central banks acting as structural buyers and geopolitical uncertainty support the case for gold as a safe-haven investment.