Wells Fargo forecasts gold prices to rise to between $6,100 and $6,300 by the end of 2026, reflecting a 23% to 27% increase from current levels. The bank views the recent 10% decline in gold as a healthy correction after a strong rally driven by geopolitical and macroeconomic factors as well as rising central bank demand. Wells Fargo urges investors to buy during this dip, highlighting gold's growing role overtaking US Treasuries in central bank reserves.