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Gold Price Forecast 2027

For 2027, 11 recent forecasts from 11 forecasters put gold between $4,610 and $5,400 per troy ounce, with a median of $5,100 — 24% above today's price of $4,129 (Oct 21, 2026, 16:36 UTC). These are other people's forecasts — 11 banks, research firms and analyst polls in all, with links to the sources — not our prediction and not investment advice.

Not investment advice. These targets are published by the firms named and change often. Forecasts for gold have frequently been wrong by a wide margin — see how last year's forecasts did. Last reviewed Oct 21, 2026.

Forecasts vs today's price

US dollars per troy ounce
Today$4,129
Goldman Sachsend-2026 $4,650
UBSend-2026 $4,600
Metals Focus2026 average $4,600
HSBC2026 average $4,560
Reuters poll2026 average — 29 analysts and traders $4,509
Standard Charteredmid-2027 $5,100
UBSend-September 2027 $5,400
Goldman Sachsend-2027 $5,400
Metals Focus2027 average $5,330
CIBC2027 average $5,200
Deutsche Bank2027 (annual figure; average vs year-end not specified) $5,100
Citiend-2027 $5,000
Commerzbankend-2027 $5,000
HSBC2027 average $4,925
Bank of America2027 average $4,800
Reuters poll2027 average (poll average) — 29 analysts and traders $4,610

Gold Forecasts for the Rest of 2026

ForecasterTargetvs todayForPublishedReasoningSource
Goldman Sachs $4,650 +13% end-2026 Sep 23, 2026 Trimmed its end-2026 call on Fed hikes but expects the rally to resume in 2027. ICYMI: Goldman trims end-2026 gold forecast to $4,650 but holds $5,400 target for 2027 (investingLive)
UBS $4,600 +11% end-2026 Oct 12, 2026 Sees a possible dip first, then recovery as central-bank buying continues. UBS Projects Gold at $5,400 by September 2027. Could $4,000 Come First? (Canadian Mining Report)
Metals Focus $4,600 +11% 2026 average Oct 19, 2026 Average held up by the record first quarter despite the later sell-off. Gold's path to $6,000 and silver's return above $90 depend on renewed investor confidence - Metals Focus (Kitco)
HSBC $4,560 +10% 2026 average Jul 9, 2026 Lowered forecasts on a hawkish Fed and stronger dollar after the January peak. HSBC lowers 2026-27 gold price forecasts on hawkish Fed tilt (Reuters via Kitco)
Reuters poll $4,509 +9% 2026 average — 29 analysts and traders Jul 28, 2026 Analysts cut forecasts but expect central-bank buying to cushion the retreat. Gold forecasts fall, but central bank buying expected to cushion retreat (Reuters poll via Kitco)
Median $4,600, range $4,509–$4,650 across 5 recent forecasts. "vs today" compares each target with the live price (Oct 21, 2026, 16:36 UTC).
ForecasterTargetvs todayForPublishedReasoningSource
Standard Chartered $5,100 +24% mid-2027 Jun 22, 2026 Treats gold as its preferred portfolio diversifier and hedge against policy and geopolitical uncertainty. Standard Chartered sees gold at $5,100 and S&P at 7,950 by mid-2027 (investingLive)
UBS $5,400 +31% end-September 2027 Oct 12, 2026 Structural central-bank demand of 750-1,000 t/yr plus expected 2027 Fed cuts and lower real yields. UBS Projects Gold at $5,400 by September 2027. Could $4,000 Come First? (Canadian Mining Report)
Goldman Sachs $5,400 +31% end-2027 Sep 23, 2026 Central-bank buying near 90 t/month should outweigh Fed hikes, which delay rather than end the rally. ICYMI: Goldman trims end-2026 gold forecast to $4,650 but holds $5,400 target for 2027 (investingLive)
Metals Focus $5,330 +29% 2027 average Oct 19, 2026 Debt, fiscal and de-dollarisation worries plus steady central-bank buying should revive investor demand. Gold's path to $6,000 and silver's return above $90 depend on renewed investor confidence - Metals Focus (Kitco)
CIBC $5,200 +26% 2027 average Oct 19, 2026 Cut for oil-led inflation and a hawkish Fed, but sees big ETF and central-bank buying in 2027. CIBC cuts gold forecasts but still sees $5,500 in 2028 (investingLive)
Deutsche Bank $5,100 +24% 2027 (annual figure; average vs year-end not specified) Aug 3, 2026 Sees the correction largely done, with the multi-year uptrend intact and fair value above spot. Deutsche Bank ve al oro en una fase explosiva y mantiene sus proyecciones de precio (Bloomberg Línea)
Citi $5,000 +21% end-2027 Sep 3, 2026 Expects easing oil and inflation to allow lower real rates and a weaker dollar, lifting gold. Citi Sees Gold Stocks Undervalued as Bullion Eyes $5,000 by Late 2027 (Investing.com)
Commerzbank $5,000 +21% end-2027 Jul 28, 2026 Recovery once inflation nears target and the Fed starts cutting from mid-2027. Gold: Hawkish Fed delays Gold recovery path - Commerzbank (FXStreet)
HSBC $4,925 +19% 2027 average Jul 9, 2026 Hawkish Fed expectations, a stronger dollar and slower central-bank buying trimmed the outlook. HSBC lowers 2026-27 gold price forecasts on hawkish Fed tilt (Reuters via Kitco)
Bank of America $4,800 +16% 2027 average Sep 30, 2026 Oil-driven inflation, rising yields and a firm dollar weigh near term; recovery expected as oil eases. Oil is gold's biggest enemy right now, Bank of America warns, downside risk under $4,000 (investingLive)
Reuters poll $4,610 +12% 2027 average (poll average) — 29 analysts and traders Jul 28, 2026 Forecasts cut after the post-January slide; central banks still seen as the steadiest buyers. Gold forecasts fall, but central bank buying expected to cushion retreat (Reuters poll via Kitco)
Median $5,100, range $4,610–$5,400 across 11 recent forecasts. "vs today" compares each target with the live price (Oct 21, 2026, 16:36 UTC).

How Last Year's Forecasts Did

In October–December 2025, banks expected gold to reach $4,450–$5,055 during 2026. Gold beat every one of those targets in January 2026, peaking near $5,595, then fell back as oil, inflation and interest rates rose — so forecasts proved too cautious early in the year and too high later.

ForecasterForecastForMadeToday vs forecastSource
Goldman Sachs$4,900December 2026Oct 6, 2025 16% below Goldman hikes December 2026 gold price forecast to $4,900/oz (Reuters via Channels TV)
Bank of America$5,0002026 (headline outlook level; 2026 average forecast was about $4,400)Oct 13, 2025 17% below FACTBOX-BofA hikes gold price forecast to $5,000/oz for 2026 (Reuters via WSAU)
J.P. Morgan$5,055Q4 2026 averageDec 2025 18% below JP Morgan sees gold at $5,055 by Q4 2026 as China and the cryptosphere add new demand (Kitco)
Deutsche Bank$4,4502026 (range $3,950-$4,950)Nov 26, 2025 7% below Deutsche Bank raises 2026 gold price forecast to $4,450/oz (Reuters via Kitco)
UBS$4,500mid-2026Nov 20, 2025 8% below UBS lifts 2026 mid-year gold price forecast to $4,500 (MINING.COM)
"Today vs forecast" compares today's live price with each forecast; some targets refer to dates still to come.

About these forecasts

Gold set its all-time high of about $5,595 an ounce on 29 January 2026, then had its worst quarter since 2013 in the spring as the Iran war pushed up oil prices and inflation, the Fed raised rates and the dollar strengthened (Reuters via Kitco). Nearly every bank cut its 2026 forecast between May and October 2026 while still expecting a recovery in 2027. For comparison, the LBMA's January 2026 survey of 28 analysts averaged about $4,742 for 2026 (LBMA).

We list numeric targets published by banks, asset managers and research firms, as reported by the firm itself or by established financial media. Each row links to the page we checked. Targets refer to different things — a price on a date, a quarterly average or a yearly average — so compare the "For" column before comparing numbers. We do not include social-media personalities or price-prediction websites.

Forecasts are opinions, made with information available at the time, and they are revised often. They are not a recommendation to buy or sell, and Corgano does not make price predictions of its own.

Gold Price Forecast: FAQ

What is the gold price forecast for 2027?

Published forecasts for 2027 range from $4,610 to $5,400 per troy ounce (median $5,100, 11 forecasts, as of Oct 21, 2026). Each forecast refers to a specific date or average — see the table for details and sources.

What do forecasters expect for gold for the rest of 2026?

Forecasts for the rest of 2026 range from $4,509 to $4,650 (median $4,600), compared with $4,129 today.

Which forecaster has the highest gold price forecast?

Among recent forecasts for 2026 and 2027, the highest is UBS at $5,400 (end-September 2027) and the lowest Reuters poll at $4,509 (2026 average — 29 analysts and traders).

Are gold price forecasts accurate?

Often not. In October–December 2025, banks expected gold to reach $4,450–$5,055 during 2026. Gold beat every one of those targets in January 2026, peaking near $5,595, then fell back as oil, inflation and interest rates rose — so forecasts proved too cautious early in the year and too high later. Treat forecasts as a guide to what professionals expect, not a reliable prediction.

How often is this page updated?

We review the forecasts every month and add new ones as banks publish them. Last updated Oct 21, 2026. The comparison with today's price updates live.