Foreign Institutions Reveal Five Different Gold Forecasts for 2026
Foreign Institutions Reveal Five Different Gold Forecasts for 2026
As expectations for Federal Reserve rate cuts weaken and gold retreats from its record high, major global institutions have released their gold price projections for 2026. Gold, which reached a record $4,381 on October 20, fell 6% within a month to $4,069.
The strengthening U.S. dollar and declining odds of a December rate cut increased downward pressure on the precious metal, though many analysts believe the pullback is temporary.
Goldman Sachs 2026 Forecast
Goldman Sachs expects gold to climb to $4,900 by the end of 2026 — nearly 20% above current levels — noting that the recent decline is not the start of a long-term downtrend.
JP Morgan: Gold may exceed $5,000
JPMorgan projects that gold could surpass $5,000 next year. Alex Wolf, the bank’s global macro strategy head, estimates a rise toward $5,200–$5,300 by the end of 2026.
ANZ: Revised upward to $4,800
Australia-based ANZ upgraded its forecast, predicting gold could reach $4,800 by mid-2026, supported by policy conditions, economic uncertainty, and limited investment alternatives.
UBS: Safe-haven demand will continue
UBS strategists expect gold to rise to $4,700, arguing that political and financial uncertainty will keep demand strong. They describe recent pullbacks as temporary pauses in a broader uptrend.
Commerzbank: A more cautious outlook
Germany’s Commerzbank offers a more conservative forecast, estimating gold at $4,200 by the end of 2026. The bank also projects silver at $50, platinum at $1,700, and palladium at $1,400.
