Wall Street Analysts Predict 20 Gold Price Surge By 2026

Bonisiwe Shabane

-Dec 27, 2025, 7:02 PM

wall street analysts predict 20 gold price surge by 2026

Top Wall Street executives say gold could soon reach $5,000 per ounce, with plenty of upside left. In 2025, gold prices saw a strong rally driven by several factors, and many Wall Street analysts now believe the metal still has room to run. In fact, they expect gains of roughly 20% through 2026. One of the main drivers behind this bullish outlook is persistent inflation, ongoing central bank purchases, elevated U.S. government spending, and growing uncertainty surrounding the global economic landscape. Major financial institutions are issuing bold forecasts.

Bank of America estimates gold could hit $5,000 per ounce, nearly a 20% jump. Goldman Sachs sees prices reaching $4,900, supported by strong private demand and the potential depreciation of the U.S. dollar. Deutsche Bank is more cautious, but even its conservative scenario points to a ceiling near $4,950. These optimistic views rest on several structural tailwinds. Investors are increasingly seeking refuge in assets not tied to fiat currencies, while demand for gold—from both private investors and central banks—remains robust.

Gold’s extraordinary rally in 2025 has already pushed the metal to record highs — and top Wall Street forecasters believe the momentum could continue well into 2026. Some analysts see the potential for gold to climb as much as 20% next year, extending what has already been one of the strongest bull runs in decades. Gold traded around US $4,187 an ounce on Wednesday, up an impressive 57% year-to-date, driven by a powerful combination of structural and cyclical forces: persistent inflation, robust central bank buying, and ongoing concerns about... Here’s how major institutions are positioning their forecasts for 2026 — and the factors they believe will continue to support the safe-haven metal. Bank of America: Gold to Reach US $5,000 Bank of America analysts expect gold to climb as high as US $5,000 next year — a 19% rise from current levels.

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’s hot streak that boosted the metal to records could push on through 2026. That’s according to forecasters on Wall Street, many of whom are expecting the precious metal to continue its record-setting rally and climb as much as 20% in 2026. Another double-digit increase for gold would be a tall order, considering that bullion has seen one of its best runs in decades this year.

The metal traded around $4,187 an ounce on Wednesday, up 57% year-to-date. That gain has been fueled by a cocktail of bullish forces, like increased central bank buying, stubborn inflation, and investor concern about the strength of the US economy and tariffs. Here’s what market pros think is coming for the safe-haven in the next year. 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." Gold is on track to finish its best year in over four decades, leaving the S&P 500 and global bonds in the dust. But after a stunning 60% rally in 2025, the biggest question on Wall Street is simple: Is the gold trade too crowded, or is the party just getting started? The latest World Gold Council outlook suggests the answer depends less on what gold has just done and more on how the macroeconomic regime shifts over the next twelve months. The precious metal – as tracked by the SPDR Gold Shares (NYSE:GLD) – delivered a 60.6% gain through early December, setting more than 50 all-time highs. But what made 2025 so remarkable was not simply the magnitude of the rally but its composition.

Gold has glittered this year. And there's good reason to expect the precious metal to continue hitting record highs in the year ahead. Several Wall Street firms issued reports this week showing that analysts and investors believe the price of gold will rise in 2026, with some forecasting it could hit $5,000 per troy ounce, implying upside... Many of the factors that have led investors to pour money into the traditional safe-haven asset are likely to remain in play, experts say. Gold has hit a series of record highs this year amid economic and geopolitical uncertainty that isn't expected to subside anytime soon. Some prominent investors have recently recommended that investors should increase their allocation to gold.

Meanwhile, many Americans have rushed to sell gold jewelry to take advantage of high prices. Goldman Sachs on Friday said that nearly 70% of institutional investors expect gold prices to continue rising, with 36% saying the price will top $5,000 by the end of 2026, according to a survey... Investors cited continued buying by central banks around the world and fiscal concerns as the biggest factors contributing to gold's rise. Gold was trading at $4,220 an ounce Friday morning. (Read Investopedia's full coverage of today's trading here.)That's down from a record high just below $4,400 set in October, but still 60% higher than where it started 2025. Gold's price surge has far outpaced the performance of the benchmark S&P 500 stock index.

Wall Street Analysts Predict 20 Gold Price Surge By 2026

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