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After a wave of gold losses, when will investors resume buying?
The price of gold has significantly declined since the beginning of 2026, currently influenced by expectations of rising US interest rates and global market instability. Banks have lowered their forecasts for the ounce price to between $4,300 and $4,600 by year-end, down from previous estimates of $5,500 to $6,000, with projections that gold will settle around $4,600 at the end of 2026. This decline is mainly linked to the relationship between gold prices and US interest rate expectations, along with increased demand from central banks—particularly in Asia—aiming to diversify their reserves and reduce reliance on the US dollar. Analysts expect investors to resume buying as economic conditions improve and prices decline further, especially given strong demand from China and rising central bank reserves.
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