Boundaries crossed in gold: 2026 gold forecasts arrive from major banks

New price levels have been recorded alongside the ongoing rise in the gold market. Due to the impact of developments in global markets, historic peaks were seen in both ounce and gram gold.

RECORDS CAME ONE AFTER ANOTHER

Gram gold, which entered the new year at the 6,000 lira level, broke a record on Wednesday by rising to 7,349 liras. Thus, an increase of approximately 1,350 liras was recorded in gram gold in the first month of the year.

Gold per ounce, which started the year at the 4,319 dollar level, reached an all-time high by climbing to 5,266 dollars. It was stated that the one-month rise in gold per ounce was approximately 950 dollars.

Gold per ounce showed an increase of 1.1 percent on Wednesday and traded at 5,243.58 dollars. It was reported that at the same hours, gram gold was hovering above 7,300 liras.

MAJOR BANKS UPDATED THEIR FORECASTS

Following the rises in gold prices, global investment banks revised their expectations for 2026 upwards. New targets were shared by Deutsche Bank, Morgan Stanley, Goldman Sachs, JP Morgan, Societe Generale, and Citi Research.

In the assessment made by Germany-based Deutsche Bank, the gold per ounce forecast for 2026 was announced as 6,000 dollars.

In the report published by the US investment bank Morgan Stanley, it was reported that the gold per ounce target for the second half of 2026 was raised to the 5,700 dollar level.

The gold per ounce forecast for December 2026 was increased by 500 dollars by Goldman Sachs. The bank announced that the target, previously set at 4,900 dollars, was raised to 5,400 dollars.

It was reported that the gold per ounce forecast for 2026 was kept at the 5,000 dollar level by the US-based JP Morgan.

French bank Societe Generale increased its year-end forecast by 1,000 dollars, raising it from 5,000 dollars to 6,000 dollars.

In the 0–3 month base scenario shared by Citi Research, it was stated that the target price for gold was set at 5,000 dollars per ounce.