In 2025, gold has lived up to its reputation as a safe haven and has proven to be one of the most successful investments. Its rise was due to an unusual combination of factors: lower interest rates and real yields, greater geopolitical and trade uncertainty, a notable weakening of the US dollar, and a steady demand from central banks.
CoinCodex's algorithmic forecast for the price of gold, which is based on the asset's price history, volatility, and broader market trends, anticipates that gold will continue to rise throughout 2026 and reach a peak of around $6,400.
While this forecast is extremely optimistic, CoinCodex is not the only one projecting that the price of gold will continue to reach new all-time highs in 2026.
The major investment bank Goldman Sachs recently conducted a survey of 900 institutional investor clients, and 36% of them predict that gold will reach $5,000 in 2026. Meanwhile, 33% of respondents offered a more conservative prediction that gold will reach between $4,500 and $5,000, which would also result in new all-time highs (the current record is around $4,377).
Daan Struyven, head of commodity research at Goldman Sachs, has provided a target price of $4,900, citing central bank demand and ongoing Fed rate cuts as key drivers that will lead to higher gold prices.
Meanwhile, analysts at JPMorgan and HSBC expect the price of gold to exceed $5,000 next year.
