Gold Prices Predicted to Hit $5000 by 2026
Update: 2025-12-17
Description
Gold prices have skyrocketed, doubling in the last two years and reaching a record $4,381 in October. Analysts predict gold could hit $5,000 by 2026, driven by strong demand from central banks and investors, including Tether and corporate treasurers. Factors like US fiscal deficits and a weaker US dollar are contributing to this momentum. Central banks are diversifying their reserves away from US dollar-denominated assets, providing a solid foundation for gold prices. Investor holdings of gold have risen to 2.8% of total assets under management, with Morgan Stanley forecasting gold at $4,500 per ounce by mid-2026 and JP Morgan expecting average prices above $4,600 in the second quarter and over $5,000 in the fourth quarter of that year.
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