Gold prices reached a new record, exceeding $4,800 on Wednesday. This increase occurred as investors sought stable assets amidst tariff threats from the White House and heightened concerns about a global trade conflict.
The price increase has prompted discussion among investors regarding potential further price rises, following a strong performance in the previous year.
Analysts indicate that gold maintained its upward trend in 2026, building on a record-breaking 2025. Factors contributing to this trend include geopolitical tensions, declining real interest rates, and actions by investors and central banks to reduce reliance on the U.S. dollar, which reinforce gold's status as a secure asset.
Forecasts suggest further price increases. A survey by the London Bullion Market Association (LBMA) indicates that analysts anticipate prices surpassing $5,000 this year. Reasons cited include expected lower U.S. real interest rates, continued easing measures by the Federal Reserve, and ongoing central bank efforts to diversify from the U.S. dollar.
Julia Du, a senior commodities strategist at ICBC Standard Bank, projected gold prices could reach $7,150.
The LBMA's forecast survey noted that gold remained a prominent topic after a record performance in 2025.