University of Kwazulu-Natal

Why Gold Could Hit 5 000 2026 Price Predictions

Bonisiwe Shabane
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why gold could hit 5 000 2026 price predictions

Gold remains one of the strongest-performing assets, and the gold rally 2026 shows no signs of slowing. Driven by central-bank demand, rate cuts, and fiscal weakness, experts say this bull market could extend well into next year — here’s why. Gold Price Prediction 2026: Gold has shattered records above $4,000 per ounce, fueled by central bank demand, inflation, and global uncertainty. With major banks now projecting $5,000 gold by 2026, investors are asking how much higher this bull market can go — and how to position their portfolios for the next five years. New Morningstar data shows gold outpacing many assets over 1–20 years. See why a 5–15% allocation can strengthen portfolios—and how to own gold the right way.

Gold and silver have never moved in straight lines. Their history is written in gold cycles — long stretches of dormancy, interrupted by explosive bull markets where both metals have delivered life-changing gains. For investors looking to add gold or silver to their portfolio, understanding these gold cycles is essential. It shows how gold and silver respond to inflation, crises, and monetary shifts — and why they remain indispensable wealth protectors today. The 1970s: Inflation Ignites Gold’s First Modern Super-Cycle When the U.S. abandoned the gold standard in 1971, gold was set free to trade.

The timing could not have Every second, millions of dollars worth of gold changes hands across global markets. In 2024, daily gold trading volume grew to an astounding $227 billion — a 39% jump from 2023’s $163 billion average. This explosive growth isn’t just a number; it’s a powerful signal of gold’s evolving role in modern portfolios and a roadmap for savvy investors. What Is Gold Trading Volume and Why Should You Care? Gold trading volume represents the total dollar value of gold traded across all markets within a specific timeframe.

This encompasses: Unlike many commodities, gold enjoys exceptional market liquidity — rivaling major currencies and Gold entered 2026 at levels few institutions believed possible just two years earlier. An extraordinary 2025 rally driven by aggressive central-bank buying, persistent geopolitical tension, and expectations of monetary easing pushed prices to all-time highs above $4,300 per ounce and forced banks to rewrite their outlooks. This article consolidates the most authoritative projections from major banks and respected analysts, along with the relevant forward-looking forecasts from earlier institutional research, so you can track how projections have changed over time. The chart below shows real-time gold spot prices tracked by Lear Capital and updated throughout the trading day. Before gold accelerated far beyond expectations, several institutions issued more conservative targets.

Some of these remain useful as reference points that illustrate how sharply sentiment has changed. These earlier forecasts now read like the first chapter in a much larger price repricing. By the end of 2025, gold had sailed past $4,000, prompting an industry-wide reset of forward expectations. 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. Gold is closing out 2025 with price action that's forcing traders to recalibrate their usual reference levels. With gold already at record highs near $4,497, the market has the feel of a late-cycle move marked by strong momentum, shallow pullbacks, and many late buyers chasing breakouts. That's the framework traders must heed as they approach 2026.

When gold rallies this strongly, it can continue to surge even when indicators appear overextended. At the same time, the first real shift in rates, the dollar, or risk mood can turn a vertical rally into a fast, ugly retracement. In the following forecast article, we present a practical outlook for 2026 based on the latest market data, positioning indicators, and a comprehensive technical map featuring tradable levels. Overall technical bias: Bullish, with overheating risk. Short-term (next 1–2 weeks): The price can maintain a bid stance while above the $4,474–$4,462 pivot support zone. A clean push and hold above $4,503–$4,516 opens continuation risk.

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets.

Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Gold Price Outlook: Gold prices rose on Tuesday (November 25), extending their historic rally as expectations of a US Federal Reserve rate cut in December strengthened, pushing global bullion rates to around $4,175 per... The yellow metal continues to ride a powerful multi-month rally — one that analysts expect may extend into next year. Bank of America (BofA) now forecasts gold to average $4,538 per ounce in 2026, with a potential climb to $5,000, supported by macro tailwinds and sustained safe-haven demand.

Internationally, gold extended Monday’s strong performance, after climbing nearly 2% in the previous session. Spot prices hovered close to $4,175 per ounce, building on record highs driven by weaker yields, macro uncertainty, and safe-haven demand. Back home, early trade on the Multi-Commodity Exchange (MCX) saw gold rising more than 1%, tracking global gains as investors positioned themselves ahead of a potential shift in US monetary policy. Expectations of a December rate cut surged following remarks from New York Fed President John Williams. Reuters noted that Williams signalled the possibility of easing policy soon, saying that cutting interest rates “won’t hurt the Fed’s fight against inflation” and would support broader economic stability. His comments boosted market confidence that the rate-hike cycle may be over.

Bank of America’s Global Research division has released one of the boldest forecasts in today’s precious-metals market: gold reaching $5,000 per ounce and silver climbing to $65 per ounce by 2026. This call, coming from one of the world’s largest financial institutions, signals a major shift in how Wall Street views hard assets, inflation, and global financial stability. In this detailed breakdown, we explore why Bank of America is so bullish, how this compares to other major outlooks, and what it means for investors—especially those who prefer physical gold and silver over... Bank of America’s upgraded 2026 outlook points to several strengthening forces that could drive gold dramatically higher over the next 12–24 months. These factors align with long-term themes that have historically preceded major gold bull markets. Governments worldwide are running large and sustained deficits, with debt-to-GDP levels reaching record highs.

According to BofA analysts, this creates: Gold historically performs best when confidence in fiat currency declines—a trend that is accelerating today. By the end of the third quarter, the global volume of gold traded reached approximately 1.31 tons, with a trading value exceeding USD 146 billion. The local market in Kuwait benefited from this global momentum. According to gold expert Alamdar Al- Mousawi, the movement of gold prices in 2025 was not random or solely driven by speculation, but resulted from historical accumulation and precise technical and economic analysis, which... He explained that gold, which has long been considered a safe haven during times of turmoil and crisis, entered a deliberate upward trajectory since the beginning of 2025.

Gold prices have risen from around USD 2,620 per ounce in January to record highs exceeding USD 4,400 in recent days, fueled by geopolitical tensions, global inflationary pressures, and fluctuations in Central Bank policies,... Federal Reserve. These price peaks do not mark the end of the upward wave. According to technical analysis, they have formed strong support levels, reinforcing the long-term upward trend and providing the market with a new price base for future growth. Regarding future expectations, Al-Mousawi said 2026 could witness gold reaching unprecedented levels at certain stages if current supporting factors continue, including global political tensions, sovereign debt crises, and ongoing economic uncertainty. He emphasized that investing in gold is no longer a matter of luck, but relies on careful analysis of historical trends, technical analysis, and linking prices with economic and political events, noting that gold...

By the end of the third quarter, the global volume of gold traded reached approximately 1.313 tons, with a trading value exceeding USD 146 billion. Kuwait’s local market was part of this global momentum. Behbehani cautioned that these achievements could face some challenges, particularly a decline in consumer demand for gold jewelry and potential price fluctuations due to profit-taking. However, he emphasized that these factors do not change the overall positive outlook for gold as a hedging instrument, predicting that the precious metal will continue its strong performance throughout 2026, despite the possibility... Behbehani indicated that this rise was not surprising to those closely monitoring the global economy, noting that continued gold purchases by central banks were a major driver of prices. He revealed that net purchases reached approximately 53 tons in October alone, while total announced purchases from the start of the year through the end of October totaled around 254 tons, adding that this...

government bonds. Behbehani affirmed that investors also showed significant activity in gold, particularly during the third quarter of 2025. The World Gold Council reported trading of approximately 222 tons, with strong demand for gold bars and coins, driven by escalating fears over global economic risks, geopolitical tensions, expectations of interest rate cuts, and... Regarding his 2026 outlook, Al-Behbehani indicated that his personal view, which is not a buy or sell recommendation, anticipates a continuation of the upward trend in gold. He stressed that the strength of this rise depends on the trajectory of U.S. interest rates and the implementation of short-term and long-term economic reforms, including developments in bond and stock markets, debt management, and the strengthening of the dollar.

Concerning the Kuwaiti market, Al-Behbehani addressed the common question about the optimal time to buy gold, emphasizing that it should be approached from a clear investment perspective. He said gold is categorized into jewelry and investment, and true investment involves gradual, measured purchases over the long term rather than short-term speculation Gold has captured headlines throughout 2025 with a historic rally that shattered previous records and transformed the precious metals landscape. After surging past $4,000 per ounce and briefly touching $4,381 in October, the yellow metal has delivered its strongest annual performance since 1979, rewarding investors with gains exceeding 50% year-to-date. What makes this rally particularly compelling is not just the magnitude of price appreciation, but the chorus of respected financial institutions projecting that gold could climb even higher—potentially reaching $5,000 per ounce by 2026.​ These bullish forecasts represent more than optimistic speculation.

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