Woofun AI data shows that Fitch Ratings' BMI Commodities Research maintains its 2026 average gold price forecast at $4,600 per ounce. The firm asserts the Federal Reserve will not adjust interest rates this year, noting that recent hawkish signals have increased rate hike expectations and created downside risks for gold. While Middle East conflict-related inflation pressures are expected to ease following the US-Iran agreement, short-term gold prices remain sensitive to Fed policy cues and potential US dollar appreciation.