15.12.2025 10:40
With the Fed's final interest rate cut of the year, gold prices have started to rise again. Global banks predict that the price of gold per ounce could reach between $4,450 and $5,000 by 2026.
After the Federal Reserve's (Fed) final interest rate decision of the year, gold prices have entered an upward trend again. Fluctuating in global markets, gold began to move upward as the Fed lowered its policy rate by 25 basis points to a range of 3.75–3.50 percent.
DEMAND FOR SAFE HAVEN INCREASED
The Fed's announcement that it would purchase 45 million euros in treasury bonds strengthened expectations of pressure on the dollar. These developments have increased investors' demand for safe havens, reviving interest in gold and other precious metals. Analysts indicate that if the dollar weakens, the rise in gold prices may continue.
2026 FORECASTS UPDATED
In 2025, the ounce of gold, which renewed its historical peak multiple times, closed last week at 4,287 dollars, having risen to 4,381 dollars during the year. Following this outlook, global financial institutions have updated their gold price forecasts for 2026.
SOME EVEN PREDICT 5 THOUSAND DOLLARS
Deutsche Bank, one of the world's leading banks, forecasts 4,450 dollars for the ounce of gold, while Goldman Sachs announced its estimate as 4,900 dollars. Morgan Stanley and UBS point to a level of 4,500 dollars, while Bank of America and JPMorgan predict that gold could rise to 5,000 dollars by 2026. According to experts, the Fed's easing policy, geopolitical risks, and global uncertainties are paving the way for gold to maintain its strong performance in the upcoming period.