Gold prices are expected to rise significantly, reaching $5,400 by the end of 2026.

According to the latest analyses by multiple international financial institutions, there is an increasing outlook that gold prices will rise significantly this year. Changes in the global investment environment, proactive moves by central banks, and geopolitical uncertainties are accelerating the reassessment of gold as a safe-haven asset.

Continuous Purchases by Central Banks and Private Investors Drive the Market

Goldman Sachs has significantly revised its gold price forecast, raising the target level for the end of 2026 from $4,900 to $5,400 per ounce. The basis for this forecast is clear: large private investors and central banks around the world are increasingly buying, intensifying competition for limited supply.

According to Goldman Sachs, the average monthly purchases by central banks in 2026 are expected to reach approximately 60 tons. This strong demand further solidifies gold’s position as the ultimate risk-averse asset and is a key pillar supporting price increases. At the same time, with the Federal Reserve’s easing policies progressing, inflows into gold ETFs are also expected to recover.

Multiple Institutions Predict $5,000, Market Optimism Grows

Recently, gold prices broke through the $4,800 per ounce mark, reaching a new historic high. A survey conducted by the London Bullion Market Association (LBMA) shows that most market analysts expect gold prices to reach $5,000 within 2026.

Among them, Standard Bank, part of the Industrial and Commercial Bank of China group, has presented a more aggressive forecast. Its commodities strategy team indicates that in a scenario of extreme geopolitical tension, gold prices could reach as high as $7,150, suggesting significant upside potential.

Real Interest Rates and Dollar Decoupling Support Gold Prices

Many international financial institutions analyze that several factors support further increases in gold prices. Rising geopolitical conflict risks globally, coupled with declining real interest rates, enhance gold’s relative attractiveness as a yieldless asset.

Additionally, the trend of decoupling from the US dollar is gradually strengthening. As central banks diversify their foreign exchange reserves, shifts toward gold are accelerating. These combined factors interact to create a structure that supports gold prices. Market participants increasingly believe that 2026 could be a pivotal year for the gold market.