Gold Prices Soar: RBC Forecasts Near-$5k in 2026
RBC Capital Markets is predicting a significant increase in gold prices by 2026, with a forecast of nearly $5,000 per ounce. This upward trend is driven by ongoing geopolitical risks, global trends towards de-dollarization, and concerns about the devaluation of the US currency.
The precious metals market has been showing renewed momentum after a period of temporary stagnation, according to Christopher Louney, a commodities expert at RBC Capital Markets. He emphasizes that the fundamental drivers of the gold price remain fully intact, despite temporary outflows from exchange-traded products (ETPs) in late summer.
The ongoing market uncertainties, including trade conflicts and geopolitical tensions, have led many investors to feel inadequately protected with regard to their portfolio positions. As a result, gold is increasingly being established as a strategic component in professional asset management.