Gold Prices Rebound as Buyers Return Amid Support Above $4,000
Gold prices have begun to recover from their mid-year correction, according to recent market data. As of August 14th, 2026, the gold price in US Dollars had declined by 0.17% on the day but remained 7.34% higher over one month. Despite being 6.43% lower over three months and 13.48% lower over six months, gold prices were still 30.65% above their level a year earlier.
RBC's research framework assumes an average gold price of $4,732 for 2026, rising to $5,250 in 2027 and $5,500 in 2028. In contrast, JPMorgan sees evidence that buyers are returning after the market established support near $4,000.
JPMorgan's research suggests that central banks continue to accumulate gold reserves, with a net increase of 41 tonnes reported in May. The bank also notes that retail investors are warming up to gold again, citing renewed interest in call options for the GLD exchange-traded fund.