Gold will be more expensive in 2026 than in 2025

HSBC, for example, believes that gold has resumed its upward trend and is forecasting a gold price of around US$5,000 per ounce for the new year. Bank of America is sticking to its gold price target of US$5,000 per troy ounce. China International Capital Corporation (CICC) expects a gold price of US$4,500 per ounce for 2026. JP Morgan forecasts a gold price of US$5,055 per ounce for the end of the year. Goldman Sachs is in at US$4,900. Most banks therefore agree that the upward trend will continue. Only Deutsche Bank is somewhat more cautious, forecasting an average gold price of $4,000 per ounce for 2026.

The reasons cited by the banks for their positive expectations are ongoing geopolitical risks, weakening monetary value, later Fed easing, and an expected weaker US dollar. Added to this are high demand for the precious metal, the rise in ETF holdings since 2024, and the massive buying spree by many central banks. Gold mine operators are among the winners of the gold price development. Their gold in the ground has become significantly more valuable. Ultimately, this also affects junior companies.

Although production costs are rising, they are doing so at a much slower rate than the price of gold. This naturally increases profits for producers. In addition to the price forecasts of the major banks, institutional investors are also optimistic. According to a recent survey, 34 percent said they expected the price of gold to be between US$4,000 and US$4,500 at the end of 2026. Twenty-seven percent expect it to be between US$4,500 and US$5,000 per ounce. Overall, new record prices are therefore expected. Carefully selected gold companies should therefore be part of any well-positioned portfolio.

Southern Cross Gold Consolidated – https://www.commodity-tv.com/ondemand/companies/profil/southern-cross-gold-consolidated-ltd/ – owns the Sunday Creek project in Australia. It contains gold and antimony. Excellent drilling results are once again causing excitement.

GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ – has large gold and copper projects in North and South America. The 100 percent company-owned Crucero project in Peru has significant antimony mineralization in addition to gold.

Current company information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/  -) and Southern Cross Gold Consolidated (- https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ -).

Source:

https://www.finanznachrichten.de/nachrichten-2025-11/67082228-goldpreis-prognose-2026-steht-uns-die-explosion-auf-5-200-dollar-bevor-674.htm

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