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Gold prices forecast to hit $4,900/oz by 2026 amid strong central bank buying, led by China.

Market News
23 Sep 2026
Kitco
View Source
Bullish
Gold prices forecast to hit $4,900/oz by 2026 amid strong central bank buying, led by China.

Gold prices are projected to rise to $4,900 per ounce by the end of 2026, driven by robust central bank purchases, especially from China, which is buying more gold than officially reported. Goldman Sachs Research highlights that central banks are increasing gold reserves to hedge geopolitical and financial risks, with average monthly purchases expected to reach 50 tonnes in 2026. The forecast also notes potential volatility due to increased use of gold derivatives for hedging, which could amplify price swings. While a Federal Reserve rate hike could temper gains, ongoing central bank demand is expected to sustain the gold rally over the medium term.

Gold price forecasts are the subject, with Pluang market data providing context. For readers following market breadth, 45 of 150 US stocks rose while 105 fell, including LCID at USD 4.09 with a -5.21% change and 98% sell order activity, UMC at USD 24.43 down 5.18% with 70% sell orders, and FUBO at USD 9.62 down 5.03% with balanced buy/sell orders. This snapshot is as of Sep 24, 2026 00:03 WIB.

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