Survey: Geopolitical Risk and Central Bank Buying Support Gold Price to Hit New High in 2026

BlockBeats News, February 4th, a Reuters survey shows that gold is expected to hit a new high in 2026, with geopolitical uncertainty and strong central bank buying still the main driving factors. A survey of 30 analysts and traders over the past three weeks showed a 2026 gold price median expectation of $4746.50 per ounce, setting a new high in Reuters' annual forecast since the survey began in 2012, a significant increase from the $4275 estimated in October last year.

A year ago, a similar survey had an average price expectation for 2026 of only $2700. Analysts believe that factors driving the rise in gold prices—including geopolitical risks, ongoing central bank gold purchases, concerns about the Fed's independence, rising U.S. debt, trade uncertainty, and the "de-dollarization" trend—will continue to support gold in 2026.

Silver price expectations have also been raised, with the current expected average price for silver in 2026 at $79.50 per ounce, compared to just $50 in the October survey last year. (Jinse Finance)