Gold price predictions for 2026 and beyond

January 6, 2026

Gold bullion

Gold has hit record highs in many currencies last year.

Various ones have made predictions about gold prices in US dollars in 2026.

Here are a few of them:

We Forecast Gold’s High for ’26 at $5,546

January 6, 2026

by Mark Mead Baillie, Gold Seek:

5546 is our forecast Gold high for 2026. When we set upon such annual analysis for this year, we admittedly felt a bit snarky in perhaps selecting the year’s high as “the opening tick”, which yesterday (Friday) was 4340. After all, Gold is — at present — overvalued. But it did trade well up early in the session to as high as 4415 before giving back most of that gain in settling the first trading day of 2026 at 4342.

Regardless, per the above newly-enhanced Gold Scoreboard, we peg price as overvalued both by Fair Value (+11.5%) and BEGOS Market Value (+2.9%). …

Moreover, despite Gold’s overvaluation by both Fair Value and BEGOS, price’s trend has not only been up, but on balance soaring. In settling 2025 at 4332, Gold’s 2625-4584 low-to-high range for the year was a percentage span of +74.7%, far and away the broadest of the 25 years century-to-date; (second-most was 2009’s +53.2% run from 802-1228).

“So mmb, if it’s overvalued, why is your 5546 forecast so much higher than here?”

Squire, the herd push into Gold — and into Silver as well — is sufficiently substantial that ’tis not going to suddenly stop. https://www.sgtreport.com/2026/01/we-forecast-golds-high-for-26-at-5546/

$8,500 Gold And Other 2026 Sound Money Prediction

January 5, 2026

My buddy Larry Lepard (whose gold fund was up over 150% last year) joined me today to unpack the current macro environment — from Bitcoin’s volatility and gold’s historic breakout to what may be the most important question of the decade: is the global monetary system on the brink of a reset? …

Lepard believes the surge in precious metals is not merely speculative but reflects deep structural changes in global finance. Tight physical supply, de-dollarization, and rising distrust in government finances are converging:

“We are in the first or second inning of a nine-inning game… this is a secular trend.”

With silver breaking multi-decade resistance and physical premiums emerging across global markets, Lepard argued these moves signal a fundamental repricing of monetary assets rather than a temporary blow-off. …

Perhaps the most important question of the interview: is the U.S. already preparing for a reset of the global monetary system? …

Lepard’s conclusion was simple and direct:

“Protect yourself in things they can’t print — gold, silver, Bitcoin, and real assets.”

As always, the full interview offers far more depth and nuance, but one thing is certain: the world is changing, and the era of sound money is no longer theoretical — it’s unfolding in real time.

WATCH THE FULL ONE HOUR INTERVIEW HERE https://www.zerohedge.com/markets/8500-gold-could-be-next-easy-math

Will the price of gold rise again this January?

January 5, 2025

It wasn’t that long ago that a gold price of $3,000 per ounce seemed out of reach. After all, even after surpassing numerous price records in recent years, gold only started 2025 priced around $2,600 per troy ounce. But multiple economic factors last year drove the price to new records, first past $3,000 and then past $4,000. And now, in the opening days of 2026, it’s possible that the price of gold could hit a record $5,000 price mark, perhaps sooner than many had anticipated at the end of 2025. …

While predicting the future price movement of any asset is always difficult to do with precision, there’s a compelling case supporting gold price hikes this month. …

The price of gold historically rises during periods of geopolitical uncertainty. And that’s a pertinent concern right now amid tensions between the United States and Venezuela. While no one knows exactly what will happen next, this uncertainty can (and historically does) encourage investors to turn toward safe-haven assets like gold.

This, in turn, can cause the price of the metal to rise. And it’s already up around $100 per ounce from where it was at the very end of 2025. …

There is no guarantee that the price of gold will continue rising this month. But if the historic drivers behind the metal remain strong, as they appear to be in early January, then the price of the metal could surge again, perhaps even to new records close to $5,000 per ounce. https://www.cbsnews.com/news/will-price-of-gold-rise-again-january-2026/

Yes, in certain ways, gold is overvalued. But the same is true with the US dollar–which was once backed by gold.

Going as far back as 1961, the USA was starting to not have enough gold to back its dollar, the Plain Truth reported:

Plain Truth, February 1961

Germany, Japan have the largest surpluses of GOLD and DOLLARS…Rich Uncle {Sam} has the greatest deficit in governmental history and a GREATER DEBT than all the REST OF THE WORLD COMBINED!…

Vast foreign aid programs drain the U.S. Treasury…American spending to supply services and to support our troops in foreign countries and military installations around the world amounts to … dollars flowing out of the frightened U.S. Treasury. All of these factors, combined with heavy taxes, gigantic public and private debt, and no gold backing for our own currency if foreign investors demanded gold for their dollars, adds up to the staggering revelation that the U.S., richest nation in the world, is bordering on bankruptcy! (Hill DJ. What the US Gold Crisis Means to You. Plain Truth. February 1961, p. 9).

France did finally cash in dollars for gold and this caused a crisis in the USA.

The USA went off the gold standard completely in 1971. About the same time it made a deal with Saudi Arabia to price oil in dollars. So, while this prevented “foreigners” from being able to redeem US dollars for something from the USA treasury, instead it meant that dollars could be used to buy oil. As other (mostly smaller) oil producers followed Saudi Arabia’s lead, this has served to support the US dollar for several decades.

The USA is now the most indebted nation that the world has ever seen. Many are concerned.

The old Worldwide Church of God published the following in the old Good News magazine:

Good News, Oct-Nov 1979

Of course, since gold is regarded as a disaster hedge by many investors, prudence might dictate that perhaps a small fraction of your liquid assets be in gold: (Caulkins J. WHEN MONEY FAILS. Good News, October-November 1979)

Those in Russia, China, India, and Europe are looking more towards gold, and less towards the USA dollar to back their economies and their currencies.

Back in 1971, the Plain Truth mentioned gold and that a currency coming out of Europe would replace the USA dollar:

Plain Truth, October 1971

FOR 40 YEARS, (1931 to 1971) the American dollar reigned supreme in world trade and finance. From 1945 to 1958, the dollar was considered better than gold to most developing economies. But by 1958 it was becoming evident that the dollar was weakening.

The United States, a war-time haven for three fourths of the world’s gold, began changing the earmarks of the gold buried in the Federal Reserve Bank in New York City, and in Fort Knox, Kentucky, from “USA” to “France,” “Germany” and other nations. Ten years later, in 1968, claims on U. S. gold were running into the millions of dollars per day. More than $12 billion (half) of the U. S. gold was drained between 1958 and 1968, and much of that came in the last hectic months before March 1968, when the U. S. temporarily closed the gold window. …

On August 15, 1971, President Nixon revealed his new economic plan. One part of the strategy was to cut loose the dollar from gold, in effect letting it “float” in foreign transactions until natural market pressure would decide its best value…

The European Common Currency appears to be the most likely successor to the dollar in this long line of monetary dynasties. Europe is the only continent with sufficient gold backing…

… and What About Gold?

The gold standard is not sacred. It is only about 100 years old in the history of man, a product of evolution as much as any social institution. But in a world of sovereign powers, there must be some standard to finance international trade and domestic currency. Gold has the confidence of more people than any other standard, especially in Europe. (Alexander G. America faces “The Dollar Crisis”. Plain Truth magazine, October 1971, pp. 3-4)

Is Europe the continent with enough gold backing for its own currency still today?

Yes!

Back to 1971, notice also the following:

Plain Truth, May 1971

Momentous, historic events are transforming … Europe. But most Americans are “asleep at the switch” to what is happening. It’s time for a self-centered America to wake up – before her allies become her enemies. Envision the startling future of … Europe. A … union … surpassing both the United States and the Soviet Union in economic strength, possessing for the first time worldwide political power and influence. One news source recently called it an “enormous, physically powerful beast.” A new … Europe controlling perhaps half of all world trade, by exclusive arrangements with dozens of nations who produce raw materials. A “United States of Europe” possessing one single currency – a currency so strong that it will replace the U. S. dollar as the kingpin currency of world trade. (Hogberg G. EUROPE’S COMMON MARKET RISING WORLD COLOSSUS. Plain Truth, May 1971)

Now, Europe does have its own currency–a currency that some see as the logical replacement for the US dollar for world trade–especially because of US sanctions, etc. As far as waking up before Europe becomes an enemy, Lamentations 1:1-2 is a prophecy that shows that allies will become enemies.

Regarding gold, it was number 15 in my article 26 items to prophetically watch in 2026:

15. Gold

While some economists have called gold a ‘relic,’ it still has value internationally.

Alex Stanczyk observed:

Crypto has made its own place in the world by making an amazing leap forward as a medium of exchange, with thus far unrivaled capabilities. But crypto is not gold, and can never be gold. I suggest that BTC and Crypto are better as a medium of exchange, while gold is a better medium for storing value.

This is not because of some dogma I have for the metal. Some will trot out “you are just talking your book” when I mention this.

The simple fact is, out of the near 185,000 tons of estimated above ground gold, someone owns, all of it. Every fine gram of gold above ground belongs to someone already, whether that be in the form of bars, coins, jewelry, the thin layer on astronauts helmets that protect them from solar radiation, or the gold plated contacts in the mining rigs used to mine crypto. New gold mined from the ground is usually spoken for before it ever hits a refinery. My job as a physical gold fund manager is not to convince people to buy gold, that job has already been done.

The reason crypto can never replace gold lies in physics: Gold cannot be destroyed

Everything else can. Computers. Exchanges. Mining Pools. Wallets. Powergrids. Internets. Nations. You name it. If you blew up the planet earth, the gold atoms would still be there.

Unlike anything else you can invest or store money in, gold doesn’t rely on any external force for this to continue to be true over time. It is sort of like a battery with no expiration date.

Gold exists as atomic number 79 on the periodic table. It is chemically inert and does not interact with oxygen. It is the only element with properties that make it completely immune to the forces of entropy. The only way to destroy it would be to fire it into the sun, or somehow put it in the middle of an equivalent fusion reaction that took the atoms apart at a subatomic level. (Stanczyk A. A Gold Guys View of Crypto, Bitcoin, and Blockchain. Medium.com, December 10, 2017 https://medium.com/@alex.stanczyk/a-gold-guys-view-of-crypto-bitcoin-and-blockchain-26e42eeab6b7)

Its ‘permanence’ from a physical perspective is reassuring to many. But the fact it is not a food and provides no calories shows its value has severe limits. That said, here are some news headlines from 2025:

Gold to be used to back European currency?

Newsweek: Gold Price Closes In on $3,000 Milestone

‘US Dollar Plummets As Global Market Shifts, Yuan & Gold Soars’

Gold lifts off to another record as the US dollar is worth less; What about silver?

BRICS gold pivot and USA can only go out on a debt limb so far before it finally snaps

Forbes: The Fed Quietly ‘Admits’ Gold Is Replacing The Dollar As Collapse …

Gold hit record high–‘What’s behind China’s gold-buying spree?’

ZH: ‘We Have Liftoff!’ – Spot Gold Takes Out Record High

Ray Dalio says buy gold over US Treasuries –currency debasement (dross) is theft

I have repeatedly written that gold will hit record highs against the USA dollar and that keeps happening–gold has hit daily record prices in US dollar terms over 50 times in 2025 (https://economictimes.indiatimes.com/markets/commodities/a-golden-run-after-60-surge-and-over-50-all-time-highs-this-year-whats-next-for-gold-in-2026/articleshow/125800646.cms?utm_source=chatgpt.com&from=mdr). And despite ups and downs, that is not over.

Furthermore, yes, many in the world are looking to gold. Fiat currencies, like the USA dollar and British pound are backed by nothing. Many know this and think that will last forever–well the monetary system will not stay as it has been.

The Bible prophesies King of the North will get gold which end time Babylon will trade with:

37 He shall regard neither the God of his fathers nor the desire of women, nor regard any god; for he shall exalt himself above them all. 38 But in their place he shall honor a god of fortresses; and a god which his fathers did not know he shall honor with gold and silver, with precious stones and pleasant things. 39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain. 40 “At the time of the end the king of the South shall attack him; and the king of the North shall come against him like a whirlwind, … 43 He shall have power over the treasures of gold and silver, and over all the precious things of Egypt … (Daniel 11:37-40,43)

10 … ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore: 12 merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble; 13 and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men. 14 The fruit that your soul longed for has gone from you, and all the things which are rich and splendid have gone from you, and you shall find them no more at all. 15 The merchants of these things, who became rich by her, will stand at a distance for fear of her torment, weeping and wailing, 16 and saying, ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls! (Revelation 18:10-16)

While the Bible is clear that gold will, for a time, not be wanted but tossed (Ezekiel 7:19), it is obvious that into the Great Tribulation (Matthew 24:21-22), which starts in verse 39 of Daniel 11, gold will have value (see also The Plain Truth About Gold in Prophecy. How Should a Christian View Gold?).

The old Worldwide Church of God published the following:

Of course, since gold is regarded as a disaster hedge by many investors, prudence might dictate that perhaps a small fraction of your liquid assets be in gold: (Caulkins J. WHEN MONEY FAILS. Good News, October-November 1979) In Revelation 18, we are given a graphic description of Europe at its future economic peak. Remember this prophecy occurs after the United States, Canada and other Israelitish nations have been conquered and brought into subservience. … In verse 11, Europe’s coming economic wealth and scope is described as John sees it, shortly before the final crisis (to occur at Christ’s coming) takes place. “And the merchants of the earth shall weep and mourn over her, for no man buyeth their merchandise any more: The merchandise of gold and silver … (Catherwood CA. Europe and Our Prophetic Message. Good News, October-November 1979)

Yes, gold will outlast the US dollar and the European Beast power will have it.

In terms of world events, understand that Germany has been repatriating gold–and even did so ahead of schedule (watch Germany, Gold, and the US Dollar). Europeans have a lot of gold (see The Plain Truth about European Gold) and want more.

The continental European gold reserves (excluding the UK and Russia) collectively hold approximately 12,924.42 tons of gold. –that is more than the official USA (8,133.5) and China (2,264 tons) holdings combined.

Gold Reserves up in Europe, but not the United States

Germany and Italy considering repatriating gold from the United States

Gold will be an item of value in 2026 and at least several years beyond.

Nations in Asia, Europe, and even Africa will look to increase gold reserves.

In December 2024, I wrote:

Gold will break records in US dollar terms.

It did that many times in 2025

Gold hits another record, ECB NOT going to have Bitcoin reserve

Donald Trump announced 25% steel and aluminum tariffs, then gold hit another all-time high

Donald Trump proposes higher tariffs and gold hits another all time high

Gold hits another record: US dollar is no longer the ‘gold standard’

Gold breaks $4000 per ounce–one day the US dollar will be only worth the scrap value of the cotton paper it is printed on

Gold will break records in US dollar terms.

But there may be ups and downs. Peace deals and finding more gold can be factors in price drops.

Yet, in the future, gold will break records in US dollar terms.

Here is a link to my latest sermon: 26 Items to Watch in 2026.

The time will come when the USA dollar will be worthless and gold will be even more valuable. But that does not mean that the price of gold cannot drop, and drop by a lot, for a time.

The Bible shows that Babylonian European Beast power will control a lot of gold.

The Continuing Church of God (CCOG) has the following video on our Bible News Prophecy YouTube channel:

17:48

Beast Prophecies and European Gold

Gold is so valuable it is called a precious metal. What nation has the most of it? Is there an area of nations with more? Will gold last longer than the USA dollar? Are there properties about the Beast and/or the Antichrist in the Bible that show that the European Babylonian Beast power will amass gold during the time of the Great Tribulation? Are there Eastern Orthodox prophecies that look forward to this? Are there biblical and Roman Catholic prophecies that warn against this? Are European central banks already accumulating gold? Did Swiss America state that some central banks are leaning towards a gold standard? Might the coming King of the North accumulate gold to use to help shore up his currency after the demise of the US dollar? Dr. Thiel addresses these issues and more.

Here is a link to the sermonette video: Beast Prophecies and European Gold.

In April of 2021, the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel:

12:30

Gold Backed Currency to Replace the US Dollar?

China introduced something that was called the gold-petro-yuan back in 2018. Since then, the global share of US dollar-dominated exchange reserves have dropped to 59.0%. In April 2021, China became the first major economy to unleash a Central Bank Digital Currency. China also has given its banks permission to import large amounts of gold. Is China preparing for a gold-backed yuan to push aside the US dollar or to help it survive a US dollar cataclysm? Are other nations preparing to push the US dollar aside? Do Europeans seem to have the most gold? Are Europeans prophesied to gain more gold? Is the US debt trajectory sustainable per Fed Chairman Jerome Powell? Does the Bible warn of the end coming to the highly indebted in Habakkuk 2:6-8? Why does it look like a gold-backed currency will replace the US dollar? Will the US dollar, ultimately, become essentially worthless? Dr Thiel addresses these issues and more.

Here is a link to our video: Gold Backed Currency to Replace the US Dollar?

It should be noted that one day, gold itself will be worthless. Notice:

19 They will throw their silver into the streets, And their gold will be like refuse; Their silver and their gold will not be able to deliver them In the day of the wrath of the Lord; They will not satisfy their souls, Nor fill their stomachs, Because it became their stumbling block of iniquity. (Ezekiel 7:19).

This is probably because gold and silver cannot be eaten (in times of massive and severe food shortages many people will not be interested in it) and because of the fact that if nuclear weapons are exploded, and people are ill or dying from radiation sickness, that they will not want to have gold near them. Notice the following Q&A:

If exposed to radiation, does gold become radioactive?…

Gold has only one stable isotope, so all natural gold has an atomic weight of about 197 (called Au- 197), and this isotope has a reasonably high neutron activation cross- section. So exploding a nuclear weapon would probably lead to a lot of radioactive gold. However, there is only one isotope of gold that has a half-life of more than a few days (Au-195, 186 days), and it is impossible to produce this isotope by neutron irradiation. So any radioactive gold would lose its induced radioactivity within a month or so. Although a nuclear weapon is not a good way to turn gold radioactive, you should also consider that most gold deposits have only a few ounces of gold for each ton of rock that is mined. So setting off a nuclear weapon in the middle of a gold field could still be disruptive by turning much of the rest of the rock radioactive, making it difficult to mine. Radioactivity levels would probably be dangerous for a few weeks or so, but regulations would restrict access to this area for years or decades. (Andrew Karam, Radiation Safety Officer, Area of science: Physics ID: 1046906605.Ph. If exposed to radiation, does gold become radioactive? Date: Thu Mar 6 10:56:43 2003 http://www.madsci.org/posts/archives/2003-03/1046983737.Ph.r.html viewed 05/20/10)

Thus, while gold is likely have value for at least a couple of years after the start of the Great Tribulation, when times are bad enough and people are dying from and/or are ill from radiation sickness, they may be inclined to throw gold into the streets (something similar seems also to be true about silver).

But again, gold will have value after the US dollar is worthless.

Here is a link to a 2025 video:

14:09

WWIII, Gold, and the Collapse of the Dollar

Is World War Three coming soon? Changes in the world order are rare, history-defining events—with massive implications, both geopolitical and financial. Is owning gold by Christians for the unexpected as Joel Rosenberg has publicly stated or, perhaps, for those who believe biblical prophecies, for the expected? Will the US Dollar collapse? In a word, yes. Could the USA be the highly indebted nation that Habakkuk 2:6-8 refers to? WWIII will mean the end of the USA dollar when that nation is conquered per Daniel 11:39, whereas gold will continue to have value per Daniel 11:43 and the 18th chapter of the Book of Revelation. Prophecy indicates that the massive debt of the USA will result in the take over of the USA (Habakkuk 2). While gold will continue to have value after the destruction of the US Dollar, we should not put our confidence in either. Will gold one day be worthless? Put your confidence in God and His Word. Seek first the Kingdom of God (Matthew 6:33).

Here is a link to our video: WWIII, Gold, and the Collapse of the Dollar.

The price of gold will fluctuate. But the time is coming that the US dollar will be worth no more than the cotton-type paper it is printed on.

That said, as Christians, we are to focus on the spiritual. But the Bible does use the analogy of gold for God’s people. Related to that, the Continuing Church of God recently put out the following sermon on its ContinuingCOG channel:

1:15:30

Building Golden Character

Belief in Jesus is vitally important (cf. Acts 16:31). But is Christianity mainly about how you feel about your relationship with Jesus like some seem to teach? Are Christians to stay as they are or strive for perfection? Are we to strive to keep the Ten Commandments? Are Christians supposed to obey? What about good works? Are there biblical benefits from suffering, being refined like gold in the fire? Does the Bible sometimes use gold as an analogy for Christians? What are some physical properties of gold? What is character? Why is it important to build it in this life? What is sin? What about love and giving love in the age to come after the resurrection? Does God want godly offspring? Is righteous character more valuable that physical gold? Dr. Thiel addresses these questions and more in this sermon.