Gold prices are expected to continue rising, driven by economic uncertainty, geopolitical tensions, central bank buying, and investment demand. Here's a breakdown of expert predictions:
- Short-term predictions:
- Goldman Sachs forecasts $3,700-$3,880 per ounce by year-end, with a potential high of $4,500 in an aggressive scenario.
- JPMorgan predicts $4,000 per ounce by Q2 2026, with averages around $3,675 in Q4 2025.
- Bank of America targets $3,500 an ounce over the next couple of years.
- Long-term predictions:
- Morgan Stanley expects gold prices to reach $4,400 per ounce by 2026, a 10% increase from early October.
- Some analysts believe gold will hit $5,000 per ounce, though timelines vary. Goldman Sachs sees potential for $5,000 if Federal Reserve independence comes under pressure.
- Long-term forecasts show strong consensus for continued gains, with potential to hit $5,150-$5,800 by 2030 under optimistic conditions.
Current price: Gold is currently trading around $3,926.28 per ounce, with a 24-hour trading volume of $53.06 billion ¹.
