Gold Prices to Surge in 2026: Institutional Investors Expect $5,000 per Ounce
JPMorgan forecasts gold above $5,055 in late 2026, while Morgan Stanley expects $4,400.
SEATTLE (Scrap Monster): Global institutional investors remain bullish on gold, with nearly 70% expecting prices to rise further in 2026, according to a recent Goldman Sachs survey. Conducted between November 12–14 on the bank’s Marquee platform, the poll involved more than 900 clients. 36% of respondents predict gold will surpass $5,000 per ounce by the end of 2026, while another third foresee it trading between $4,500 and $5,000. Only a small fraction anticipate a drop below $4,000.
Gold has already delivered strong performance in 2025, fueled by central bank purchases, safe-haven demand, and expectations of interest-rate cuts. The metal gained 61% year-to-date, recently breaking the $4,000 per ounce mark and outperforming major asset classes. Goldman Sachs analysts project gold could hit $4,900 by the end of 2026, citing persistent institutional accumulation.
Survey participants highlighted central bank buying as the main driver of gold’s gains, with fiscal concerns following. Investors are increasingly shifting from dollar-denominated bonds and stocks vulnerable to currency fluctuations toward precious metals and cryptocurrencies. Other major financial institutions echo the positive outlook: JPMorgan forecasts gold above $5,055 in late 2026, while Morgan Stanley expects $4,400.
With sustained demand and strong macroeconomic drivers, gold is poised to continue its multi-year bull market into 2026.
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