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Wall Street Banks Forecast up to 20% Upside for Gold Prices Next Year December 23, 2025 (0 comments)
New York, NY--Gold prices could rise by as much as 20% next year, according to forecasts from major Wall Street banks, despite the metal already posting one of its strongest performances in decades, as reported by Business Insider.
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The report noted that gold was trading around $4,187 per ounce in late November, up roughly 57% year to date. Analysts cited ongoing central bank purchases, expected interest-rate cuts, and sustained investor demand as key drivers.
According to the report, Bank of America forecasts gold reaching $5,000 an ounce in 2026, implying about 19% upside, driven by continued macroeconomic and fiscal tailwinds. Goldman Sachs projected prices of up to $4,900 an ounce, citing reserve diversification by central banks and global monetary easing.
Deutsche Bank sees gold rising as high as $4,950 an ounce, with a base case of $4,450, noting stabilized investor positioning but flagging risks tied to rate policy and market conditions. HSBC offered a more cautious outlook, forecasting a $3,600–$4,400 range for 2026, with potential upside limited by higher supply and slower central bank buying.
Read the report by Business Insider here.