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Gold Price Forecast & Predictions 2025–2026

Gold has been one of the best-performing assets of the past decade. With the spot price currently at $4,512.92/oz, analysts are watching closely for the next major move. Below, we cover what happened in 2025 and where top institutions expect gold to go in 2026.

Gold Spot Price (Live)

$4,512.92/ troy oz

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2026 Analyst Price Targets at a Glance

InstitutionPrice TargetTimeframeKey Thesis
Goldman Sachs$4,500End 2026Central bank demand + ETF inflows
Bank of America$5,00012-month bull caseFed cuts + de-dollarization
UBS$4,200End 2026Safe-haven demand, moderate rate cuts
JP Morgan$4,000–$4,8002026 rangeStructural central bank demand
Citi$4,500+Mid-2026 bull caseStagflation + geopolitical risk
Bank of China (Int'l)$4,000Base case 2026Chinese consumer and CB demand

* Forecasts are as of Q1 2026 and subject to revision. Not financial advice.

Year-by-Year Gold Forecasts

2025 Completed Year

Gold Price Forecast 2025

Year in Review

What actually happened in 2025 — key price levels, major events, and how accurate analyst predictions were.

High: ~$3,500 Low: ~$2,287

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2026 In Progress

Gold Price Forecast 2026

Current Year

Where is gold heading in 2026? Expert predictions, bull/base/bear scenarios, and key catalysts to watch.

High: $4,513 (current) Low: TBD

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Disclaimer: Price forecasts are for informational purposes only. They represent analyst views, not guarantees of future performance. Investing in gold involves risk. This is not financial advice.