World gold prices continue to maintain a steady increase in the context of Wall Street investors and many major banks simultaneously raising their forecasts for this precious metal. Experts say gold could reach $5,000/ounce by 2026, as the global monetary policy easing cycle becomes increasingly apparent.
Deutsche Bank has just raised its forecast for the average gold price in 2026 to 4,450 USD/ounce, 11, higher than the previous estimate. The bank said strong demand from central banks and continuously increasing ETF flows, along with limited gold supply, are the main factors maintaining the uptrend.
A summary report from Business Insider and FXLeaders also shows that many Wall Street experts predict that gold prices could increase by about 20% in 2026, equivalent to nearly 5,000 USD/ounce, if the US Federal Reserve (Fed) begins to lower interest rates and the USD continues to weaken.
According to Investopedia, prolonged inflation, rising public debt and geopolitical risks are the three main pillars supporting the gold price increase trend. Along with that, Asian central banks are buying gold more strongly to diversify foreign exchange reserves, increasing demand pressure on physical markets.
MarketWatch's report believes gold could approach the $5,000/ounce mark in 2026 and even surpass this threshold in 2027, if global monetary policy enters a deeper easing phase.
However, analysts also warn investors to be cautious about the possibility of a short-term correction, especially if interest rate cut signals are delayed. Deutsche Bank notes that in the event of weak investment flows or slowing official demand from central banks, gold prices may temporarily retreat before continuing the uptrend.
Currently, spot gold prices are still holding around 4,240 USD/ounce, marking a series of increases for four consecutive months - the most stable increase since the beginning of the year. Although the market may fluctuate in the short term, the medium-term outlook is considered bright, as the Fed approaches the interest rate cutting cycle and gold regains its role as a safe haven in the period of global instability.
