27.01.2026 13:20
The price of gold reached a record high of 5,111 dollars per ounce in international markets. Global investment banks had to update their forecasts. Morgan Stanley stated that geopolitical risks and central bank purchases could raise gold prices to 5,700 dollars. The French banking giant Societe Generale brought up the possibility of gold prices reaching 6,000 dollars.
The price of gold per ounce reached a record high of 5,111 dollars in international markets, prompting global investment banks to completely revise their forecasts and set higher targets for 2026 and beyond.
RECORD LEVELS HAVE RESHAPED GOLD FORECASTS
As the price of gold per ounce continues to hover near record levels, global investment banks have had to update their forecasts. Morgan Stanley highlighted geopolitical risks, central bank purchases, and strong investor demand, predicting that the price of gold per ounce could rise to 5,700 dollars by 2026. Societe Generale went even further, raising the possibility of the price reaching 6,000 dollars.
BANKS HAVE RAISED THEIR FORECAST TARGETS
According to the banks' new forecasts, gold continues to be seen as a safe-haven asset by investors. Institutions like Morgan Stanley indicate that potential interest rate policies and geopolitical uncertainties will support demand. Societe Generale's forecast pointing to higher levels is being closely monitored in the markets.
GEOPOLITICAL RISKS AND CENTRAL BANKS ARE INFLUENTIAL
Experts state that increasing geopolitical risks and central banks' continued purchases of gold are decisive factors for prices. Additionally, the shift of investors towards gold in an environment of rising uncertainty has played a significant role in the upward revision of forecasts.
GOLD HAS GENERATED A 20% RETURN FOR INVESTORS IN 27 DAYS
The ongoing geopolitical risks globally, the U.S. administration's insistence on Greenland, and the tensions with European countries over this issue, along with the lack of significant change in expectations for easing from the U.S. Federal Reserve (Fed) and the related expectations that the dollar may continue to lose value, are supporting precious metals.
Moreover, concerns that the federal government in the U.S. may face another partial shutdown and the increasing demand in China have also influenced these price movements.
Starting the year at 4,313 dollars, the price of gold per ounce has reached 5,111 dollars today, setting a record. The ounce of gold has provided investors with approximately a 20% return during the period from December 31, 2025, to January 26, 2026.
"SILVER HAS TAKEN THE LEAD IN PRICE MOVEMENTS"
International markets strategist Özgür Hatipoğlu pointed out that gold is usually the driving force of the market under normal conditions, stating that other precious metals like silver, platinum, and palladium generally follow gold.
However, Hatipoğlu noted that this dynamic has reversed in recent weeks, with silver leading price movements lately.
Hatipoğlu expressed that the confrontations between the U.S. and European countries over the Greenland issue, the proposed 100% tariffs by Canada to limit trade with China, and the Israel-Iran tension are among the main risk factors supporting gold and silver.
In addition to these, Hatipoğlu emphasized that psychological factors are also playing a role in the rise, stating:
"Especially due to the high demand for physical silver from investors in China, the intense fear of missing out (FOMO) regarding profit opportunities in the face of continuously rising prices is at play, and investors are buying silver on COMEX without considering any other dynamics."