Financial experts have found themselves split on their predictions. Goldman Sachs has taken a bullish approach, raising its estimated gold forecast from $4,300 to $4,900 per ounce for December 2026. "We see the risks to our upgraded gold price forecast as still skewed to the upside on net, because private sector diversification into the relatively small gold market may boost ETF holdings above our rates-implied estimate," Goldman stated during the Monday announcement, according to Reuters.
Gold is a proven hedge against inflation, preserving the value of assets when other prices rise. This is because, unlike other currencies whose value can diminish as central banks print more fiat money, gold's worth remains resilient.