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Shkruar nga Pamfleti
In a development that is shaking up global financial markets, the price of gold reached a new all-time high yesterday, January 21, surpassing $4,800 an ounce for the first time. The rise comes at a time when global investors are seeking safety in the face of threats of tariff hikes from the White House and renewed fears of a global trade war.
After an exceptionally strong 2025 for gold, 2026 has started with the same strong momentum, driven by geopolitical tensions, falling real interest rates and a widespread trend away from the US dollar as a financial benchmark. According to international analysts, gold is making a strong comeback as the “safe haven” for investors in times of global uncertainty.
A recent survey by the London Bullion Market Association shows increasingly optimistic expectations: the price of gold is expected to surpass $5,000 this year. These projections are based on expectations of lower real interest rates in the US, continued accommodative monetary policy by the Federal Reserve and a steady shift by central banks towards diversifying their reserves away from the dollar.
Julia Du, senior analyst at ICBC Standard Bank, predicts that the price of gold will reach $7,150 per ounce. Another institution that has confirmed its optimistic stance is the American bank Goldman Sachs, which calls gold “the safest investment in the long term.” According to Dan Striven, an analyst at this bank, gold is expected to reach $4,900 by the end of 2026.
Striven noted that in 2023 and 2024, it was central bank purchases that drove gains for the precious metal, while in 2025 growth was accelerated by growing demand from the private sector. “Individual investors are increasingly looking to diversify their gold assets through new financial channels,” he noted. The rise of gold-focused ETFs is a clear indicator of this trend, although the line between individual and institutional investments remains blurred.
Goldman Sachs also noted that new demand for gold has come primarily from large private wealth management firms, investment funds, hedge funds and pension fund investors.
Meanwhile, for many financial players, the main reason that pushes them to bet on further growth in gold is precisely the global geopolitical context. According to Nicky Shiels, head of metals strategy at MKS PAMP, this cycle does not have speculative characteristics, but is part of a profound change in the global financial system. She predicts that the price of gold will go up to $ 5,400 this year.
Shiels also stressed that last year was "a historic year," a phenomenon that "happens once every 100 years" in precious metals markets, recalling that silver also almost doubled in price during the same period.
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