Fed policy outweighs geopolitical risks, China purchases as gold forecasts retreat: survey

The US Federal Reserve’s rate policies under Kevin Warsh have outweighed geopolitical tensions and Beijing’s dedicated gold purchases to become the decisive factor influencing the price forecasts for the precious metal, according to a survey. Analysts cut their price forecasts for 2026 compared with six months ago, said the London Bullion Market Association (LBMA), the world’s authority for precious metals, in its mid-year survey released on Tuesday. Gold prices hit a record high of over...