Controversy
Status:Open
Will Gold Finish 2026 at $5,000 or Above Per Troy Ounce?
UNLIKELYLIKELY
Claims
HSBC"HSBC cut its 2026 average gold forecast to $4,560 from $4,864 on July 9, 2026, but left its year-end target unchanged at $4,750."Jul 20, 2026
Kelvin Wong“On the longer term, I’m more cautious on gold and looking at the key $3,886 level, which, if taken out on the downside, could potentially unleash further weakness towards $3,500."Jul 20, 2026
UBS Global Wealth Management"UBS's global team maintains an optimistic view on gold's medium-term prospects, forecasting prices to reach $4,675 per ounce by the end of 2026 and $4,800 per ounce by the end of 2027."Jul 24, 2026
Deutsche Bank"Gold could climb to $6,000 per ounce in 2026, citing persistent investment demand as central banks and investors increase allocations to non-dollar and real assets."Jul 24, 2026
LiteFinance"By the end of 2026, the asset is expected to test the 3,923.00 level before stabilizing."Jul 20, 2026
Morgan Stanley"Morgan Stanley Research forecasts gold prices could rise to $5,200 per ounce in the second half of the year, about 9% above April 22 levels."Jul 24, 2026
ING Think"We now expect gold to average $4,300/oz in the third quarter of 2026 and $4,600/oz in the fourth quarter, down from our previous forecasts of $4,850/oz and $5,000/oz, respectively."Jun 24, 2026
Goldman Sachs"We raise our Dec. 2026 gold price forecast to $5,400/toz (vs. $4,900 prior) because the key upside risk we have flagged—private sector diversification into gold—has started to realize."Jan 22, 2026
Societe Generale"We now see gold reaching $6,000 per ounce by year-end, with the caveat that this is probably a conservative estimate and it could well go higher."Jul 17, 2026
© 2026 Improve the News Foundation. All rights reserved.Version 7.7.2
© 2026 Improve the News Foundation.
All rights reserved.
Version 7.7.2