World Gold Council: Gold prices may be stuck in a sideways trend in the second half of the year, with potential increases of up to 15% under the risk of stagflation

The World Gold Council pointed out in its mid-year outlook report that if economic forecasts are accurate, gold prices may fluctuate sideways in the second half of the year, with a potential increase of up to 15%. If the economic and financial environment worsens and stagflation pressures intensify, safe-haven demand may drive gold prices up by 10%-15%. Despite strong fundamentals, some favorable factors have already been reflected in gold prices. In June, the U.S. CPI rose by 2.7% year-on-year, and gold futures slightly fell to USD 3,329.80 per ounce