In 2026, the annual price increase was a record 44.5%
The Fed's rate cuts, geopolitical instability, doubts about the Fed's independence, and central bank purchases are pushing investors to buy gold.
"The long—term growth in gold prices remains in force, as demand, especially from central banks and exchange-traded funds, continues to grow faster," said the expert of the Metal and Mineral channel.
He also added: "Gold is currently overbought and may adjust by 5-6% in the short term, after which it will consolidate and continue to grow, reaching new highs above $4,200 by 2026."
Most participants expect gold prices to rise further in 2026 amid lower interest rates in the United States, high investment demand and geopolitical threats.
The US Federal Reserve is expected to lower interest rates following its meeting on September 17. Donald Trump insists on more active actions by the Fed and repeatedly criticizes Fed Chairman Jerome Powell for insufficient speed.
Gold, traditionally used to hedge geopolitical and economic risks, also benefits from low interest rates.
"Gold prices are currently in a new area, as they have not previously reached the levels of $3,400 and $3,500," said the managing director of Metals Focus. He added that the company expects prices to rise to $3,800 by the end of the year.
We can expect a possible correction after the current rally, but it also provides investors with an opportunity to buy before entering the market. Gold prices may rise above $4,000 by 2026.
