economy

February 10, 2026

Wells Fargo says buy the gold pullback. Here's where it sees bullion by year-end

The bank is hiking its 2026 year-end price target for the yellow metal after the drawdown.

Wells Fargo says buy the gold pullback. Here's where it sees bullion by year-end

TL;DR

  • Wells Fargo recommends buying gold as prices have declined from late-January highs.
  • The bank views the recent pullback as a healthy correction, not an end to the bull market.
  • Wells Fargo has increased its 2026 year-end price target for gold to $6,100-$6,300.
  • Gold is expected to continue benefiting from geopolitical uncertainty, macroeconomic volatility, and central bank demand.
  • The SPDR Gold Shares ETF experienced significant declines on January 30th and 31st.

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