After exceeding $5,100…the price of gold is preparing for “crazy” rises in 2026
Analysts expect gold prices, which hit a record high of more than $5,100 an ounce on Monday, to rise to new historic levels this year due to escalating global tensions, as well as strong demand from central banks and individual investors.
And The price of gold peaked at $5,107 earlier today, amid tensions in the markets as a result of geopolitical and economic risks, raising the yellow metal’s gains by more than 17% before the end of the first month of the year, after recording a record rise of 64% in 2025.
What is driving the rise in gold?
Geopolitical tensions fueled the recent rise in gold prices, starting with the friction between the United States and NATO. (NATO) regarding Greenland, and uncertainty over customs duties, leading to growing doubts about the independence of the US Federal Reserve.
With the US congressional midterm elections approaching, political uncertainty may increase. At the same time, it is likely to reinforce ongoing concerns about Stock markets Overvalued portfolio diversification flows towards gold.
Gold price forecasts
Analysts expect gold prices to exceed $6,000 per ounce this year, after major international banks rushed to adjust their future outlook for the precious metal. And raise a bank "Goldman Sachs" His forecast for the price of gold in 2026 rose to $5,400 from the previous forecast of about $4,900, representing an increase of $500 at once.
The annual survey of precious metals expectations conducted by the London Bullion Market Association shows that analysts expect the price of gold to rise to $7,150, with an average of $4,742 in 2026.
As for independent analyst Ross Norman, he expects the price to reach Gold peaked at $6,400 this year, with an average of $5,375.
Norman said: "It seems that the only thing that is certain right now is uncertainty, and that is very much in gold’s favour".
Gold.. What’s the next stop?
Analysts say several factors could lead to a price correction, including declining expectations for a US interest rate cut, margin calls in stock markets, and waning concerns about the independence of the Federal Reserve.
However, most expect any decline to be short-lived and will be treated as a buying opportunity. Therefore, a real and sustained decline in gold prices would require a return to a more stable economic and geopolitical environment, which seems unlikely given the current conjuncture.
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