Huaxi Securities: Gold may rise by more than 10% in 2026.

Huaxi Securities pointed out that, according to historical patterns, the price of gold in 2026 may increase by between 10% and 35%. Influenced by expectations of a US Federal Reserve rate cut, unstable US dollar credit, the US midterm elections, and geopolitical uncertainties, the price of gold is expected to continue rising. However, based on historical experience, after a strong increase in gold prices in 2025, the price increase in 2026 may moderate. In cases where the annual increase in gold price is over 30%, the following year's increase tends to decrease by an average of about 20% compared to the previous year. Based on historical annual price increase calculations, in a neutral scenario, with reference to the median, 75th percentile, and 90th percentile price increases from 1970 to 2025, the gold price in 2026 may increase by 7%, 23%, and 34% respectively.