International Institutions Release Year-End 2026 Gold Forecasts
Following the latest reports from 14 foreign banks and research institutions, expectations for the fourth quarter and year-end of 2026 for spot gold have become clear.
Within the framework of reports prepared by 14 international banks and research institutions worldwide, the fourth-quarter and year-end spot gold forecasts for 2026 have been calculated. According to the data shared by the institutions, the year-end median was determined at the level of $4,825.
Global Markets and Gold
While the US Federal Reserve's interest rate hikes and a strong dollar create short-term pressure, central bank purchases and geopolitical risks support medium-term expectations.
Developments in global markets are being closely monitored during this period, when the traditional negative correlation between gold and real interest rates shows a tendency to weaken.
ETF Inflows and Record Levels
According to World Gold Council data, global gold ETFs saw net inflows of $18 billion in August.
As a result of these developments, the reports noted that total assets reached a record level of 4,189 tons.
Bank Forecasts and Averages
The average of the announced fourth-quarter expectations for 2026 was calculated at $4,416, while the median was calculated at $4,450.
In year-end targets, the median shaped around the $4,825 level, and the average figure stood at $4,752.
Projections of Foreign Institutions
While ING projects $4,150 for the fourth quarter of 2026, OCBC announced its year-end expectation as $4,360.
Morgan Stanley expects $4,450 in the fourth quarter and projects above $5,000 for the year 2027.
Reports from Other Banks
Standard Chartered and Goldman Sachs set their fourth-quarter 2026 and year-end targets at $4,650.
Forecasts from institutions such as Citi, Amundi, Natixis, and Deutsche Bank vary within the band of $4,800 to $5,000.