Rising expectations in the global gold market: Long-term price forecast increased

As activity in the gold market continues, one of the major investment banks has updated its projection regarding the long-term price of the precious metal. In a new report published by the bank, the long-term gold price forecast was raised to 4,500 dollars per ounce, while the projection of 6,300 dollars for the end of 2026 was maintained.

Analysts cited the notable increase in gold purchases by central banks, reports of exits from US Treasury bonds, and the shift of some countries toward the Chinese Yuan in their foreign exchange reserves as key factors behind this optimistic forecast. It was stated that these developments could trigger a fundamental change in the global reserve currency system, which also creates an important diversification strategy for investors.

Experts also pointed out that gold pricing functions differently from other industrial commodities through classical supply-demand analysis. The bank added to its report the assessment that "the balance of supply and demand cannot be analyzed in the gold market as it is in standard industrial commodities."

Evaluating the years 2025 and 2026, the expert team emphasized that recent global geopolitical tensions and central bank policies continue to support gold prices. In particular, expectations regarding the US Federal Reserve entering a rate-cutting cycle and inflows into gold-backed exchange-traded funds have been effective in prices reaching peak levels again. According to the experts' forecast, these combinations could ensure that historical records are brought back to the agenda in the coming period.

In light of these developments, it is anticipated that investors will allocate more space to gold in their portfolios and that new equilibrium prices will form in the market. Price projections regarding the course of gold are expected to be updated frequently due to the impact of global economic and political developments.

News Source: 12punto