Bank gold price forecasts
16 banks' published gold price targets; their end-2026 forecasts have a median of $4,550 an ounce. Targets as the banks published them, with the date announced and the previous target where it was revised. Every line links to its source.
| Bank | Target, $/oz | Horizon | Announced | Previous | Source |
|---|---|---|---|---|---|
| Bank of America | 4,000 | Q4 2026 avg | 30 Sep 2026 | - | investingLive |
| Bank of America | 4,360 | 2026 avg | 7 Jul 2026 | 5,093 | BNN Bloomberg |
| Bank of America | 5,000 | Q2 2027 avg | 30 Sep 2026 | 5,000 | investingLive |
| Bank of America | 5,000 | Q3 2027 avg | 30 Sep 2026 | 5,000 | investingLive |
| Bank of America | 4,800 | 2027 avg | 30 Sep 2026 | 4,800 | investingLive |
| CIBC | 4,500 | Q4 2026 avg | 20 Oct 2026 | 6,500 | Kitco |
| CIBC | 5,200 | 2027 avg | 20 Oct 2026 | 6,500 | Kitco |
| CIBC | 5,500 | 2028 avg | 20 Oct 2026 | 6,000 | Kitco |
| CIBC | 4,800 | 2029 avg | 20 Oct 2026 | - | Kitco |
| CIBC | 4,500 | 2030 avg | 20 Oct 2026 | - | Kitco |
| CIBC | 4,200 | 2031 avg | 20 Oct 2026 | - | Kitco |
| Citi | 4,800 | 0-3 months from 2026-08-24 | 24 Aug 2026 | 4,500 | investingLive |
| Citi | 5,000 | 6-12 months from 2026-08-24 | 24 Aug 2026 | 5,000 | investingLive |
| Commerzbank | 4,500 | End of 2026 | 28 Jul 2026 | 4,800 | FXStreet |
| Commerzbank | 5,000 | End of 2027 | 28 Jul 2026 | 5,200 | FXStreet |
| Deutsche Bank | 4,600 | Q4 2026 avg | 3 Aug 2026 | 4,800 | FXStreet |
| Goldman Sachs | 4,650 | End of 2026 | 18 Sep 2026 | 4,900 | TheStreet |
| Goldman Sachs | 5,400 | End of 2027 | 18 Sep 2026 | 5,400 | Investing.com |
| HSBC | 4,490 | 2026 avg | 1 Oct 2026 | 4,560 | Yahoo |
| ING | 4,150 | Q4 2026 avg | 24 Aug 2026 | 4,600 | Kitco |
| JPMorgan | 4,500 | Q4 2026 avg | 2 Jul 2026 | 6,000 | Kitco |
| JPMorgan | 4,545 | 2026 avg | 2 Jul 2026 | 5,243 | BNN Bloomberg |
| Metals Focus | 4,600 | 2026 avg | 19 Oct 2026 | - | Kitco |
| Metals Focus | 5,600 | Q4 2027 avg | 19 Oct 2026 | - | Kitco |
| Metals Focus | 5,330 | 2027 avg | 19 Oct 2026 | - | Kitco |
| RBC Capital Markets | 4500-5000 | Range, rest of 2026 | 2 Sep 2026 | - | Kitco |
| Societe Generale | 4,750 | Q4 2026 avg | 28 Sep 2026 | 6,000 | Kitco |
| Societe Generale | 5,250 | Q3 2027 avg | 28 Sep 2026 | - | Kitco |
| Standard Chartered | 4,650 | Q4 2026 avg | 21 Sep 2026 | - | Kitco |
| TD Securities | lower end of 4200-4700 | Range, end of 2026 | 31 Aug 2026 | 4,700 (Q4 2,026 avg) | Kitco |
| TD Securities | 5,350 | Q3 2027 avg | 31 Aug 2026 | 5,000 | Kitco |
| UBS | 4,600 | By Dec 2026 | 10 Oct 2026 | 5,500 | finanztrends |
| UBS | 5,000 | By Mar 2027 | 10 Oct 2026 | - | finanztrends |
| UBS | 5,200 | By Jun 2027 | 3 Aug 2026 | - | investingLive |
| UBS | 5,400 | By Sep 2027 | 10 Oct 2026 | - | finanztrends |
| Wells Fargo | 4900-5100 | Range, end of 2026 | 17 Aug 2026 | 5,300-5,500 | investingLive |
Collected from open sources: bank publications or news reports that quote the bank. Targets we could not confirm, that conflict between sources or that look out of date are not shown until checked. Accuracy is scored as each target date passes. · How we measure
Forecasts by bank
Bank of America · CIBC · Citi · Commerzbank · Deutsche Bank · Goldman Sachs · HSBC · ING · JPMorgan · Metals Focus · RBC Capital Markets · Societe Generale · Standard Chartered · TD Securities · UBS · Wells Fargo
All gold forecasts side by side · Gold forecast for next week
Page data last updated: · Measured and edited by Adrian Troy · How we measure