Chile has introduced changes to the remuneration framework for solar projects under the PMGD scheme, which supports distributed generation projects of up to 9MW with access to stabilized tariffs. According to DNV, amendments to Supreme Decree 88 formally introduce the MEP Balance mechanism, meaning project revenues will no longer be based only on stabilized prices or marginal costs, but on a reference energy price adjusted by the MEP Balance. The mechanism incorporates storage charging and discharging, energy injections and withdrawals, marginal costs and later reimbursement obligations, creating new cash flow and operational risks for project owners.

Published: Jun 17, 2026 - 4:09 AM In this presentation, Jeffrey Christian of CPM Group gives a precious metals update focused on gold, silver, platinum, and palladium prices. He also explains how CPM Group analyzes supply, demand, investment demand, as well as market balances. Jeff discusses the gold price outlook, silver market update, price consolidation, and the potential for continued volatility over the next several months. Jeff then explains why CPM Group separates investment demand from fabrication demand when calculating precious metals surpluses and deficits. He discusses the difference between metal used by fabricators and metal bought by investors, why investment demand is a major driver of gold, silver, and platinum prices, and why including investment demand with fabrication demand can distort the view of the physical market. The presentation also looks CPM Group’s historical buy and sell recommendations for gold, silver, and platinum, showing how better research, better data, and a disciplined approach to supply and demand analysis can lead to stronger investment results. CPM thanks Monetary Metals for making this paid CPM research available to our viewers. If you're interested in learning more about how gold leasing works, visit www.Monetary-Metals.com/CPM Source： https://www.kitco.com/opinion/2026-06-16/silver-price-forecast-60-price-risk-next-move-higher

25 May 2026 3:10PM Goldman Sachs reiterated its bullish view on gold, sticking with its forecast for prices to reach $5,400 per troy ounce by year-end as the bank lifted its expectations for central bank demand and projected stronger official-sector buying through 2026. The Wall Street bank revised its proprietary model tracking central bank gold purchases after determining that it had been consistently undercounting demand since August 2025. Under the updated calculations, its 12-month moving average estimate climbed to 50 tonnes per month in March, up from 29 tonnes previously. The revised data suggest central banks acquired 66 tonnes of gold in January, compared with an earlier estimate of only 12 tonnes. Goldman said the change was prompted by a widening disconnect between falling inventories in London vaults and official U.K. trade statistics. Although bullion outflows from London storage facilities continued to rise, British export figures no longer appeared to fully account for those movements, implying that some sovereign transactions were taking place outside recorded trade flows. “We therefore adjust our nowcast by adding the discrepancy between London vault outflows and UK net exports as unrecorded sovereign gold flows,” Goldman strategists Lina Thomas and Daan Struyven said in a note. The bank now expects central bank purchases to average 60 tonnes per month throughout 2026, citing survey results that showed “strong underlying interest in gold.” Goldman added that geopolitical developments “are likely to reinforce diversification over time — both for central banks and private investors.” Still, the strategists cautioned that gold could face short-term pressure during periods of market stress. “Gold’s high liquidity makes it a natural source of cash if private investors face liquidity needs,” they wrote, warning that equity market weakness tied to higher interest rates or slowing growth could trigger temporary selling. Goldman’s forecasting model relies heavily on U.K. customs data because London’s over-the-counter gold market remains the main hub for sovereign bullion transactions. With minimal domestic production in the U.K., all gold traded there must first be imported before being stored or exported, making trade flows an effective proxy for tracking the final destination of global gold demand. This article was written by the editorial team at InvestorsHub/ADVFN and is provided for informational purposes only. In some cases, editorial staff may use artificial intelligence–based tools to assist in the research, drafting, or editing of content, under human review and oversight. This article does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. The views expressed are based on publicly available information believed to be reliable at the time of publication, but accuracy or completeness is not guaranteed. Readers should conduct their own independent research and consult a qualified financial professional before making any investment decisions. Source： https://uk.advfn.com/market-news/article/16208/goldman-reiterates-bullish-gold-forecast-on-stronger-central-bank-demand

Fri, May 22, 2026 at 9:56 PM GMT+8 JPMorgan has reduced its gold price forecasts for 2026, pointing to softer short-term demand conditions, although the bank continues to hold a bullish longer-term outlook and still expects gold to climb toward $6,000 per troy ounce by the end of the year. The bank lowered its 2026 average gold price forecast to $5,243 per ounce from a previous estimate of $5,708, citing weaker investor participation and subdued market positioning in the near term. According to JPMorgan, gold is currently trading within a narrow technical range between its 200-day moving average near $4,340 per ounce and its 50-day moving average around $4,730 per ounce, while futures market activity and ETF inflows remain relatively muted. “Gold is on the back burner for most investors at the moment,” analysts led by Gregory Shearer wrote, adding that concerns over the possibility of Federal Reserve interest rate increases in response to energy-driven inflation are limiting investor confidence in the short term. Despite the downgrade to its forecasts, JPMorgan stressed that it views the recent weakness as a temporary pause rather than a fundamental change in trend. The bank said its constructive long-term thesis — based on fiscal risks, currency debasement concerns, geopolitical fragmentation and uncertainty surrounding U.S. policymaking — remains intact, but is “on hold until more clarity arrives around a resolution of the Iran conflict.” One of the key developments JPMorgan is monitoring is a possible reopening of the Strait of Hormuz, which the bank’s oil analysts expect could occur in June. Analysts believe such a development would ease inflation-related risks and begin reversing recent gains in the U.S. dollar and real bond yields, potentially triggering a recovery in gold prices toward technical resistance levels between $4,900 and $5,100 per ounce. The bank also expects investors who previously reduced gold exposure to gradually return to the market, supporting a rebound in demand during the second half of the year. JPMorgan reduced its forecast for central bank gold purchases in 2026 to 640 tonnes from 800 tonnes previously, after officially reported net buying dropped to just 16 tonnes during the first quarter amid increased selling activity. However, including unreported purchases, total central bank buying still reached 244 tonnes during the quarter, based on estimates from the World Gold Council and Metals Focus. The bank additionally cut its forecast for ETF inflows to around 400 tonnes for the full year from an earlier projection of 580 tonnes, although it noted that global ETF holdings remain up by 108 tonnes since the start of the year. Analysts said the largest risk to their outlook would be a scenario in which strong U.S. labour market conditions and rising inflation force the Federal Reserve into a prolonged cycle of interest rate hikes, potentially leading to sustained outflows from Western gold-backed ETFs. Source： https://finance.yahoo.com/markets/commodities/articles/goldman-maintains-bullish-gold-outlook-141040865.html

It could be time to invest for gains in the beaten-up gold (GC=F) market. "This makes for, we think, a reasonable entry point," Barclays strategist Ajay Rajadhyaksha said in a note on Thursday. The buy-the-dip trade reflects a few factors that investors may be forgetting, Rajadhyaksha argued.

Gold has had a wild few weeks, but Bank of America is not flinching. The bank just reset its 12-month gold price target to $6,000 per ounce, even as the metal navigates some of the most turbulent policy headlines of the year.