Core Insights - The annual average price of gold is projected to exceed $4,000 per ounce for the first time in 2026, with an average forecast of $4,275, significantly up from $3,400 predicted in July [1][3] - Gold prices have surged over 50% this year, reaching a record high of $4,381.58, marking the best performance since 1979 [3][14] - Analysts have also raised silver price forecasts, expecting an average of $38.45 per ounce in 2025 and $50 in 2026, up from previous estimates [14] Gold Market Dynamics - The current economic climate, characterized by inflation concerns, high interest rates, and a weaker US dollar, has driven investors towards gold as a safe haven [9][12] - The Federal Reserve's recent interest rate cuts are expected to make gold more attractive, as lower Treasury yields enhance its appeal [11] - Gold is increasingly viewed as a key portfolio asset rather than a speculative investment, reflecting a shift in investor sentiment [12] Silver Market Insights - Silver has experienced a 65% increase this year, reaching an all-time high of $54.47, driven by strong demand in solar technology, electric vehicles, and AI data centers [15] - Analysts predict that silver will continue to face structural supply deficits, supporting its price growth into 2026 [15][16] - Silver is seen as a more affordable alternative to gold, maintaining its demand among investors [16]
Annual gold price to top $4K per ounce for first time next year: analysts
New York Post·2025-10-27 16:57