Gold’s extraordinary winning streak is projected to continue, with an annual average price forecast topping $4,000 per ounce for the first time in 2026, according to a recent Reuters poll of analysts and traders. The metal has already surged 54% this year, surpassing the $4,000/oz mark and putting it on track for its strongest annual performance since the 1979 oil crisis.

Source: Reuters

The poll of 39 experts yielded a sharply increased median forecast of $4,275 per troy ounce for 2026, a substantial jump from the $3,400 predicted only three months prior. The median forecast for 2025 also rose to $3,400.

This bullish outlook is underpinned by persistent global economic and geopolitical turmoil, which has solidified gold’s status as a safe-haven asset. Analysts note that the market is now reacting to a deeper loss of confidence in global financial systems, rather than just short-term shocks. Strong central bank purchases for reserve diversification, along with increasing investor inflows into exchange-traded funds (ETFs), are expected to sustain the rally.

The poll also raised silver’s forecasts, which are projected to average $50 per ounce in 2026, benefiting from its role as a monetary hedge and its crucial industrial applications, especially amid structural supply deficits.

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Source: https://www.reuters.com/business/finance/annual-2026-gold-price-forecast-tops-4000oz-first-time-2025-10-27/