Gold prices could skyrocket to $10,000/ounce by 2027

As we enter the second half of the fourth quarter of 2025 and prepare for 2026, gold's rally is truly impressive. Prices have jumped more than 10% in September (the best monthly increase since 2016), an additional 5% in October (setting a historic peak), 4% in November, and up nearly 55% for the whole year.

Philip Streible - Chief Market Strategist at Blue Line Futures - commented that this development puts gold on track for its strongest annual increase since 1979, and with favorable conditions, prices could reach 5,000 USD/ounce in 2026.

The outlook for gold remains extremely optimistic. globally, many economies are witnessing weak growth accompanied by rising inflation, creating a context of inflation - which is a favorable environment for gold.

When observing each currency, it can be seen that gold is increasing in price globally and trading near a record high in Australian capital, British pound, euro, Indian rupee and Japanese Yen.

Three key factors are simultaneously supporting gold prices to move forward in 2026. Central banks continue to diversify away from the US dollar and other currencies while increasing gold purchases - a trend that began in 2022 after the Russia-Ukraine conflict.

Currently, the average share of gold in foreign exchange reserves of countries is 20%, of which China is only 8%. The goal is to increase this figure to 30% as central banks want to protect against geopolitical and financial risks in the coming years.

This year also recorded a 17% increase in gold ETF holdings, reflecting investors' growing interest in gold as an important component of the portfolio diversification strategy.

Many individuals and organizations are improving the traditional 60/40 portfolio model by adding strategic commodities such as gold, silver, copper and crude oil. This shift is to mitigate risks related to inflation, currency depreciation and geopolitical instability.

Although the timing is still uncertain, the interest rate trend is clear. A return to the interest rate cutting cycle in 2026 will create a foundation for a new uptrend and become an important driver for gold.

As the market begins to receive more consistent economic reports, the market will be less vague about the interest rate path of the US Federal Reserve (FED), while having a clearer view of key economic data such as employment and inflation, thereby bringing attention back to the US fiscal situation.

As we move towards the end of the year and into 2026, historical trends show the "seasonal strength" model in February gold contracts, with buying usually taking place from the end of November and selling at the end of January based on statistics from the past decade.

In that context, a typical trading idea was to buy a micro Gold contract for February (10 ounces), with each $1 change equivalent to a profit or a loss of $10. Philip Streible believes that the target for this trade is 5,000 USD/ounce, because if it breaks this mark, gold prices could move to 10,000 USD/ounce by 2027.

The suggested entry is 4,100 USD/ounce, stopping at 3,900 USD/ounce, equivalent to a risk of 2,000 USD/ounce and a profit of 9,000 USD/ounce. Investors should note that they must transfer the contract months to the terms of February, June and December.

Gold often faces difficulties as the US dollar strengthens, interest rates increase and break out as both factors move up. This is especially true if the Fed adopts a tail stance in response to accelerating economic activity and high inflation, which could lead to higher interest rates.

However, we are not in that context at the moment. This is just an example of the typical transaction model that Blue Line Futures recommends for customers.

If you have never traded commodities or futures, you can refer to the new guide to explain the entire process of shifting from current investment skills to real estate transactions like a 10-ounce gold contract.