Gold price forecast for 2026 and beyond

The gold price forecast on this page is not a promise or financial advice, but an estimate based on insights from renowned experts.

This forecast takes into account, for example, the analyses of renowned financial institutions such as Goldman Sachs, J.P. Morgan, and the World Gold Council (WGC).

The price of gold futures also provides an indication of market expectations.We regularly update the forecasts on this page based on new figures and the current economic situation.

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Gold price forecast for 2026

The gold price is strongly influenced by factors such as inflation, interest rates, geopolitical unrest, confidence in the monetary system, and central bank policy.

Historically, the price of gold rises when inflation is high and confidence in traditional currencies declines. Experts expect the price of gold to rise in 2026, partly due to expected persistent inflation and global geopolitical and economic turmoil.

J.P. Morgan expects the price of gold to reach around $4,000 per ounce by mid-2026. By the end of 2026, the financial institution expects the price to rise to $4,250 per ounce. This means that the expected price of gold in 2026 will be no less than 35% higher than previously expected.

Periode

New estimate

Old estimate

Difference

2025

$3,365

$2,863

18%

Q1 2026

$3,840

$2,975

29%

Q2 2026

$3,840

$3,000

34%

Q3 2026

$4,160

$3,050

36%

Q4 2026

$4,250

$3,050

39%

2026

$4,068

$3,019

35%

Deutsche Bank also recently raised its forecast for the gold price to $4,000 per ounce in 2026 due to strong demand from central banks, a possible weakening of the dollar and interest rate cuts.

PERIOD CURRENCY / WEIGHT TYPE

Long-term gold price forecast

The major financial institutions seem to be focusing their expectations mainly on the short term and can say little concrete about what the gold price will do after 2026 (e.g. in 2030, 2040 or beyond).

Long-term forecasts are also difficult due to the many unpredictable factors that influence the gold market, such as interest rate developments, inflation, exchange rates and geopolitical tensions.

Gold price forecast for 2030

Based on the average annual return on gold of 9% to 10% over the past 10 years, and taking the predicted gold price of $4,250 per ounce at the end of 2026 as a starting point, the gold price in 2030 could be between approximately $6,000 and $6,200 per ounce.

This calculation assumes that growth over the next four years will be comparable to the strong returns that gold has shown over the past ten years.

Gold price forecast for 2040

Assuming an average long-term return of around 7% per annum, which is historically typical for gold, the price of $4,250 per ounce at the end of 2026 could rise to between $7,000 and $7,500 per ounce in 2040.

What factors influence the gold price?

There are several factors that determine whether the price of gold rises or falls. As with other precious metals such as silver and platinum, supply and demand for the precious metal determine its price. If there is more demand for gold, the price rises. If demand for gold falls, the price falls.

The price of gold is strongly influenced by central bank policy. Historically, when inflation remains high and central banks raise interest rates, this leads to a lower gold price. Higher interest rates generally make saving more attractive and gold less so.

Conversely, lower deposit rates at central banks lead to greater demand for gold, which in turn causes the price of gold to rise, as was the case in 2024 and 2025.

‍Geopolitical unrest also tends to lead to greater demand for gold, as investing in gold is seen as a safe haven. Because gold is traded worldwide in US dollars, the development of the dollar also influences the gold price. Gold and the US dollar often move in opposite directions. When the dollar strengthens, gold becomes more expensive for holders of other currencies.

This reduces international demand for gold, often causing the price of gold to fall. Conversely, a weaker dollar makes gold more affordable for foreign buyers, which can drive up the price of gold.

Buying gold at the current gold price

Through GoldRepublic, you can buy gold bars from reputable, LBMA-certified smelters. You can buy gold from as little as one gram (or from a £50 deposit) at the current gold market price. Saving gold is also an option. Each month, you automatically deposit an amount for which gold is purchased at the current gold price.

This allows you to build up a gold reserve step by step, without having to actively trade.

The expectations in this article are based on facts and analysis and do not constitute a guarantee. They underline the importance of thorough understanding and confidence in your gold investments.

Buy gold at a competitive daily price

Through GoldRepublic, you can purchase gold bars from reputable, LBMA-certified smelters. You can buy gold starting from one gram (or a minimum investment of £50), at the current gold market price. Saving gold is also an option. Each month, you automatically deposit an amount for which gold is purchased at the current gold price. This allows you to build up a gold reserve step by step, without having to actively trade.

Buy gold at GoldRepublic