Gold Continues to Break Records, Approaching $4,000 Per Ounce by 2026
Gold is experiencing a historic surge after its spot price reached an unprecedented level of $3,689.27 before stabilizing around $3,680 per ounce, marking a 40% increase since the beginning of 2025 following a 27% rise in 2024.
During the India Gold Conference held in New Delhi, experts emphasized the solidity of the fundamental factors supporting these price increases, such as substantial purchases by central banks, inflows into exchange-traded funds (ETFs), along with geopolitical tensions and expectations of monetary easing in the United States.
Despite entering a “buying saturation” zone, analysts anticipate a short corrective phase ranging from 5% to 6% before a new upward wave that could push prices to $4,200 by 2026, according to Renisha Chainani, Head of Research at Indian company Augmont.
In this context, Philip Newman from Metals Focus noted that the yellow metal could reach $3,800 by the end of this year, before entering a corrective phase that may present an opportunity for hesitant investors.
These forecasts are closely monitored in anticipation of the US Federal Reserve’s decision regarding a significant interest rate cut at its meeting on September 17, amid pressure from President Donald Trump, who accuses the central bank of “stifling the economy.”
Gold traditionally benefits from a low-interest environment, as the appeal of bonds diminishes compared to its metal that retains its value. Additionally, central bank purchases, alongside increasing inflows into ETFs, reinforce this dynamic, making the possibility of reaching $4,000 simply a matter of time.
In this positive context, silver has also benefited, rising to its highest level in 14 years, reaching $42.50 per ounce.
