Gold begins 2026 with a meteoric rise… and $5,000 per ounce is a “realistic goal.”
Gold prices continued their feverish rise with the advent of the new year, as the price exceeded The price of the yellow metal increased by more than 6% in just 13 days in 2026, after breaking many records, and achieving gains of 64% last year.
The price of gold today recorded $4,628 per ounce by 09:50 GMT, rising by about 1%.
Major brokerage companies expect the price of gold to reach $5,000 per ounce in a year 2026, with demand for safe havens likely to continue amid geopolitical tensions, interest rate cuts, ETF flows, and central bank purchases.
Continuing tensions ignite gold prices
The rise in the price of gold to a record level this week was driven by concerns about the independence of the Federal Reserve, after its Chairman, Jerome Powell, said that President Donald Trump’s administration threatened to file criminal charges against him, for refusing to submit to the president’s desire to lower prices. Interest.
There is also widespread political uncertainty resulting from the United States’ arrest of Nicolas Maduro in Venezuela, Trump’s threats to seize control of Greenland, and his hinting at the possibility of intervening in the unrest in Iran.
Gold also benefited from expectations of a reduction in US interest rates, which would reduce the cost of holding non-income-generating assets such as gold.
And if the current geopolitical risks persist and expectations of a reduction in US interest rates remain List, gold may try to break through the $4,600 level stronger in the coming weeks, according to Tim Waterer, chief market analyst at… "KMC Trade"
Heavy demand supports the yellow metal
Analysts say that central banks’ demand for gold has remained high for 4 years, and is likely to continue until 2026, along with strong investment demand.
The Chinese central bank extended its gold purchasing program for the fourteenth consecutive month last December, bringing its total holdings to 74.15 million ounces.
While the price of gold reached record levels of 53 times by By 2025, annual cash flows into ETFs backed by physical gold rose to $89 billion, the highest level ever recorded, according to the World Gold Council.
Gold Price Forecast in 2026
In the wake of these record highs, major banks such as… "HSBC" and"ANZ" Australian, and"Bank of America"Federal Reserve‘s monetary easing cycle.
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