Gold forecast: $5,000 in sight for 2026 after the biggest jump since 1979

Gold is having a year that rewrites the playbook. After rising about 64% in 2025 and printing a record near $4,381/oz in October, the big question is whether the move has another leg in 2026 or whether we have already seen the peak of the cycle. In this episode of Goldbank Insider, we break down the latest forecasts that put $5,000/oz on the radar for 2026, what needs to stay true for that target to be realistic, and why the journey could be volatile even if the longer-term trend stays supportive.

We start with the demand engine that has changed the tone of this market: central banks. The story is not only that they have been buying, but that reserve diversification can create a teadier bid on dips, helping gold behave less like a short-term hedge and more like  ...