Gold Prices Could Surge Another 20 In 2026 Wall Street Analysts

Bonisiwe Shabane

-Dec 27, 2025, 4:57 PM

gold prices could surge another 20 in 2026 wall street analysts

Based on AICryptoCore, Wall Street analysts from major financial institutions like JP Morgan and Goldman Sachs predict a 20% rise in gold prices by 2026. The forecast is driven by sustained demand from central banks and ETFs, with Goldman Sachs analyst Jeffrey Struyven estimating gold could reach $4,900 per ounce next year. The anticipated increase may indirectly affect cryptocurrency markets as investors shift between safe-haven assets during economic uncertainties. Gold (XAU/USD) started the year on a bullish note and registered impressive gains in the first quarter. Following a consolidation phase during the summer months, the precious metal surged higher in the third quarter and reached an all-time record high of $4,381 in October. Although XAU/USD corrected lower, buyers refused to hand over the reins heading into the holiday season.

Throughout 2025, Gold set over 50 record peaks and rose more than 60%, becoming one of the best-performing commodities of the year. A combination of fundamental factors fuelled the precious metal’s relentless advance, allowing investors to ignore technically overbought conditions. Assessing Gold’s annual gains, “this performance has been supported by a combination of heightened geopolitical and economic uncertainty, a weaker US Dollar, and positive price momentum. Both investors and central banks have increased their allocations to Gold, seeking diversification and stability,” said the World Gold Council. 2026 is poised to be an interesting year for Gold. Changes in global economic dynamics, the ever-shifting geopolitical landscape, institutional activity and major central banks’ monetary policy decisions could all play a role in the yellow metal’s pricing through the year.

After posting losses for two consecutive months to wrap up 2024, Gold reversed its direction in early 2025. Escalating geopolitical tensions and heightened uncertainty about the global economic outlook, due to the new United States (US) administration’s aggressive trade policy, revived safe-haven demand. In turn, XAU/USD gained nearly 20% in the first quarter, outperforming all US major stock indices. Leading up to the January 20 inauguration of newly elected US President Donald Trump, which had the potential to trigger a deep trade conflict with the US’s partners, markets adopted a cautious stance. With Trump signing an executive order on February 1, imposing 25% tariffs on goods from Mexico and Canada and an additional 10% on Chinese imports, the trade war officially began. After the 10% tariff on China took effect on February 4, Beijing retaliated by raising tariffs on US goods.

In the meantime, the world’s second-largest economy’s Gold reserves continued to rise in February, further supporting the uptrend in prices. Gold price is trading at $4,191 per ounce today (Tuesday) December 9, 2025, holding near the elevated levels that defined 2025's historic rally. After surging 61% this year with over 50 all-time highs, the fourth strongest annual return since 1971, gold now faces a critical question: what will 2026 bring? According to the World Gold Council's (WGC) newly released Gold Outlook 2026 report, the answer depends on whether US President Donald Trump's reflation policies succeed. In the organization's most bearish scenario, gold price could crash between 5% and 20% from current $4,200 baseline levels, potentially dropping to a range of $3,360 to $3,990 per ounce. In this article I am checking the newest gold price prediction to try to answer the question: How low can gold go in 2026?

The World Gold Council doesn't offer a single prediction for 2026. Instead, the team headed by Juan Carlos Artigas, Regional CEO (Americas) and Global Head of Research at the WGC, presents four distinct macroeconomic scenarios in the organization's Gold Outlook 2026 report, each with dramatically... "Looking to 2026, the outlook is shaped by ongoing geoeconomic uncertainty," the report states. "The gold price broadly reflects macroeconomic consensus expectations and may remain rangebound if current conditions persist. However, taking cues from this year, 2026 will likely continue to surprise." In the world of financial markets, understanding where money is flowing is only half the equation.

The other half—often the more revealing half—is understanding where investor attention is... A handful of leading investment banks, led by industry luminary JP Morgan Chase & Co, are now backing lithium stocks for a resurgent year in 2026. This continued... The precious metals market is buzzing with anticipation as a comprehensive Goldman Sachs survey has uncovered striking optimism among institutional investors regarding gold's future price trajectory. According to... Wei Li, BlackRock's global chief investment strategist, has made a striking declaration that challenges decades of conventional portfolio construction wisdom.

In a recently published LinkedIn post, Li stated... Luke Gromen, founder of Forest for the Trees Capital, has emerged as one of the most prominent voices arguing that global financial markets are undergoing a fundamental transformation....

Gold Prices Could Surge Another 20 In 2026 Wall Street Analysts

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