TD Securities has released its 2026 market outlook, predicting that gold prices will exceed $4,400 per ounce in the first half of the year. The report highlights platinum and palladium as standout commodities, with price projections surpassing market consensus by approximately 20%. Meanwhile, silver is expected to decline to the mid-40s range due to significant inventory replenishment. Gold's role as a safe haven is underscored by potential concerns over Federal Reserve independence and a steepening yield curve, which could impact market sentiment.