Several institutions expect that the weakening attractiveness of US dollar assets in 2026 will continue to drive the price of gold higher.

Several international financial institutions recently released reports predicting that the trend of using gold to hedge against the risk of U.S. dollar-denominated assets will continue, and the price of gold may continue to rise by 2026. Goldman Sachs predicts that by the end of 2026, the price of gold will rise to around $4,900 per ounce. The institution believes that the strong structural demand for gold purchases by central banks, combined with the cyclical support of the Federal Reserve interest rate cuts, will collectively drive the price of gold higher. J.P. Morgan expects that by the fourth quarter of 2026, the price of gold could rise to $5,055 per ounce, and possibly further to $6,000 per ounce. Natasha Kaneva, global head of commodities strategy at the bank, stated that the long-term trend of official reserves and investor allocation of gold in various countries is very clear.