Analysts have raised their forecast for gold, anticipating a price of $6,000 per troy ounce by the end of 2026 and $10,000 by the end of the decade. Ed Yardeni's think tank revised its estimates after gold solidified at around $4,500. At the beginning of 2025, analysts anticipated a range of $4,000 to $4,500, but the precious metal surpassed expectations, rising by 70% within a year and by 171% over three years.

Yardeni Research's forecast is much more optimistic than the consensus estimate from JPMorgan, which projects $5,055 per ounce in December 2026. The rally is supported by geopolitical tensions and expectations of further rate cuts by the Federal Reserve. Lower interest rates make non-yielding precious metals more attractive to investors as safe-haven assets.

Despite mixed short-term movements, most experts agree that gold will continue to increase in value in 2026 amid ongoing global uncertainty. However, the pace of growth may slow compared to the dynamics of 2025. The growth is driven by a combination of factors: accommodative monetary policies from central banks, concerns about geopolitical risks, and the drive for portfolio diversification towards traditional saving assets.