Recently, the international financial market has shown a highly consistent optimism regarding the future trend of gold, with major institutions raising their target prices. OCBC Bank raised its target price for gold to USD 5,600/oz, believing that gold is transforming from a traditional crisis hedging tool into a neutral and reliable store of value. DBS Bank set its target price for the second half of 2026 at USD 5,100/oz, Huaxi Securities predicts a 10%-35% increase, and international investment banks such as Goldman Sachs, HSBC, and JPMorgan Chase predict that gold prices will rise to the USD 5,000-5,400/oz range in 2026. These predictions are based on a nearly 70% increase in gold prices in 2025.
The surging tungsten prices have a direct and severe impact on Tricone Bits and PDC Bits, as tungsten is the core raw material for their tungsten carbide inserts and key structural components. Tight global tungsten supply, highlighted strategic metal attributes and booming downstream demand drive the price up continuously, sharply raising the manufacturing costs of these critical drilling bits for oil and geological exploration. This cost pressure forces the adjustment of product quotations, with the industry’s supply chain facing short-term volatility.
Post time: Jan-27-2026