Gold Price Predicted to Climb — Major Banks Forecast Bullish 2026
Gold’s outlook for 2026 remains strongly bullish, with multiple institutional forecasts pointing to higher prices driven by geo‑economic risk, central bank buying, weaker USD and continued safe‑haven demand. Consensus from major banks now suggests gold could average well above current levels and push toward mid‑five‑figure prices per ounce by year‑end.
👉 JPMorgan sees gold averaging around $5,055/oz in late 2026, supported by robust central bank purchases and investor diversification.
👉 Goldman Sachs raised its target to about $4,900/oz, reflecting ETF inflows and safe‑haven flows amid persistent uncertainty.
👉 Deutsche Bank & SocGen have even projected $6,000/oz or higher, stating continued investment demand could propel prices toward historic peaks.
👉 WGC analysis suggests a 15–30% potential price rise in 2026, citing safer asset positioning and Fed rate cut expectations.
Market drivers include lower real yields, weaker dollar, and geopolitical tensions, which traditionally favour gold as a hedge against macro risks. Even conservative scenarios keep prices elevated compared with recent history — highlighting gold’s resilience as both a store of value and strategic portfolio asset.