Up 60% In 2025, Will The Gold Rally Continue In 2026?
Many experts believe it will.
It has been a banner year for gold investors, as the commodity has enjoyed its best run in 46 years.
The price of gold shot up again on Wednesday, rising some 1.8% to around $4,190 an ounce as it remains a safe haven amid economic uncertainty and the ongoing Bitcoin and cryptocurrency correction.
So far this year, as of November 12, gold is up about 60%, marking the best year since 1979 when gold returned some 120%.
Many experts anticipate the rally continuing in 2026 for various reasons, including continued geopolitical and economic uncertainty, increased central bank purchases, and lower interest rates among others.
“Gold is reflecting broader market uncertainty, driven by global tariffs, interest rates, and monetary policy shifts,” Mamadou Kwidjim Toure, founder and CEO at investment advisor Ubuntu Group, said. “It continues to serve as a proven hedge against inflation – a role it has held for decades. Rising gold prices often act as a benchmark for other assets like Bitcoin, influencing long-term portfolio diversification strategies. While gold experiences periods of low price action, its long-term value proposition remains strong. For investors seeking stability, current levels may represent an attractive entry point.”
Leading firms raise their price targets for gold
Several leading investment analysts have recently lifted their price targets for gold, given the anticipated environment.
JP Morgan recently set its price target for $5,000 by the end of 2026, while Goldman Sachs forecasts gold to hit $4,900 at the end of next year. If gold did hit $5,000 next year, that would be a 19% increase over the current price.
Further, Wells Fargo is targeting a range of $4,500 to $4,700 per ounce, while Morgan Stanley raised its target to $4,400.
“Investors are watching gold not just as a hedge against inflation, but as a barometer for everything from central bank policy to geopolitical risk,” Morgan Stanley Metals & Mining Commodity Strategist Amy Gower said. “We see further upside in gold, driven by a falling U.S. dollar, strong ETF buying, continued central bank purchases and a backdrop of uncertainty supporting demand for this safe-haven asset.”
John Murillo, chief business officer at B2Broker, a fintech solutions provider for financial institutions, said the rally has been fueled by central bank buying.
The recent stats from World Gold Council showed that the world’s central banks added more than 630 tons of gold in the first ten months of this year — a pace that’s up 10% year-over-year and already surpassing the five-year average,” Murillo said.
Murillo expects gold to stay above $4,000 per ounce in 2026 “as long as geopolitical risks and central-bank buying persist.”
This post originally appeared at ValueWalk.
Category: Commodities
