Reuters survey: the median gold price forecast for 2026 increases to $4916, reaching a new high since the survey began.

An analysis published on Monday shows that analysts have raised their annual gold price forecasts. Despite risks such as inflation skyrocketing due to Middle East conflicts and expectations of hawkish policies, strong central bank demand and economic uncertainty are expected to offset these impacts. Once tensions ease, the overall upward trend in gold prices is expected to resume. In a survey conducted over the past three weeks with 31 analysts and traders, the median gold price forecast for 2026 is $4916 per ounce, the highest annual forecast value since Reuters began this survey in 2012. This latest forecast is higher than the estimate of $4746.50 three months ago. A year ago, a similar survey showed an average forecast for 2026 of only $3000. As for silver, analysts predict an average silver price of $78 per ounce in 2026, lower than the forecast of $79.50 three months ago.