Gold prices expected to rebound to $5,013 in next 12 months

Gold has experienced a tumultuous year in 2026, with its price down 3% due to expectations of prolonged high interest rates amid the Iran war. Despite this, the precious metal surged 64% in 2025, marking its largest annual gain since 1979, and reached a record high of $5,595 per ounce in January. On Tuesday, gold prices saw a slight rebound, rising 0.7% to $4,168.33 per ounce, supported by a pause in the US Treasury yield rally and a weaker dollar.

Experts at the London Bullion Market Association's (LBMA) annual gathering in Sorrento, Italy, predicted that gold prices could hit $5,013 per ounce over the next 12 months, up from the current level of $4,170. A year ago, delegates at the same conference had forecast gold to be around $4,980 by now. The conference also predicted that silver prices would jump to $97 per ounce from the current $61, while platinum and palladium prices were expected to rise as well.

Brent crude settled slightly higher at about $100.6 a barrel, as resilient Middle East crude exports and a G7 emergency stockpile release eased supply concerns. Meanwhile, the dollar weakened broadly against major currencies, reversing some recent gains as investors scaled back bets on US interest rate hikes following a soft jobs report.

The 10-year US Treasury yield fell 2.7 basis points to 5.28%, while the 30-year yield dipped 0.5 basis points to 5.65%. These moves reflected easing concerns about inflation and debt, amid a persistent selloff in Treasury yields since late August.