Gold is steady at the $3,200 a troy ounce-mark, following a Wednesday slide.

After a record-breaking first half of the year, analysts expect the second half of the year to be tougher and "provide ammunition to gold bears," says Hamad Hussain of Capital Economics in a note.

But, Hussain predicts that gold will find new record-highs in 2026, citing "the structural factors which have been key drivers of the gold rally."