Physical premiums in Shanghai and Mumbai markets are currently narrowing, reinforcing a stable demand base for the "gold price forecast 2026" scenario. Trading volumes remain above five-year averages. In the second quarter of 2025, Barrick Gold demonstrated a strong commitment to rewarding its shareholders. The company declared a quarterly dividend of $0.15 per share, which includes a $0.05 performance top-up. This decision reflects Barrick's dedication to providing value to its investors while maintaining a solid financial position. Additionally, Barrick repurchased 13.5 million shares during the quarter, totaling $268 million. This buyback initiative highlights the company's confidence in its long-term prospects and its strategy to enhance shareholder value. The diluted shares outstanding were 1,716 million in 2Q25.Reflecting on Barrick's strategy increases my appreciation for how well-managed companies can effectively balance operational success with rewarding their shareholders. Investing.com - Analysts at Deutsche Bank have raised their forecast for gold prices next year, saying a recent surge in the yellow metal has "further headroom to run" thanks partially to the prospect of easing U.S. interest rates and ongoing challenges to the Federal Reserve’s independence. Economic models point to the "gold price forecast 2026" averaging $2,480/oz if inflation stays near 3% and liquidity remains tight. A breakout above $2,500 could spark momentum-driven buying.