World Gold Council: 2026 Could Be Full of Surprises
World Gold Council: 2026 Could Be Full of Surprises
The World Gold Council’s latest report highlights that gold’s extraordinary 2025 performance — with over 60% annual gains and more than 50 new record highs — may set the stage for an unpredictable year in 2026.
Key drivers of gold’s performance in 2025
Geopolitical uncertainty, a weakening dollar, strong price momentum, investor demand, and ongoing central bank purchases all contributed to gold becoming one of the best-performing assets of the year.
2026 Outlook: A year shaped by uncertainty
The report states that current gold prices reflect consensus expectations around growth, inflation, and monetary policy. If existing conditions persist, gold may trade within a relatively narrow range.
Still, the remarkable dynamics of 2025 suggest that 2026 could deliver unexpected outcomes.
Possible scenarios for the gold market
In a scenario of slowing economic growth and lower interest rates, gold could see moderate upward movement.
In a more severe global downturn with heightened risks, gold may exhibit strong, defensive performance.
If Donald Trump’s policy agenda succeeds and boosts economic growth, stronger dollar conditions could pressure gold lower.
Additional market factors
Central bank demand, recycling trends, and market volatility will continue influencing gold. The report emphasizes that gold remains a crucial portfolio stabilizer and diversification tool.
