Analysts Project Gold Prices to Reach $4,500 by Year-End

Market analysts project a bullish trend for gold prices through the end of 2026, citing strong investment demand and significant central-bank purchases. A 42 percent year-on-year increase in central-bank buying during the third quarter of 2026, led by China and Poland, provides structural support for the metal.

Kotak Neo and other financial firms attribute the potential rise to the Federal Reserve's monetary policy and falling crude oil prices, which may reduce US Treasury yields and the opportunity cost of holding gold. Price targets for international gold vary, with projections ranging from $4,400 to $4,500 per ounce. In the Indian domestic market, analysts estimate prices will reach between Rs 1.49 lakh and Rs 1.50 lakh on the Multi Commodity Exchange.

Potential risks to this recovery include a hawkish Federal Reserve, strong US economic data, or significant profit-booking. Analysts from Kedia Advisory and ProIntellitrade Services highlight ETF inflows and central-bank activity as key drivers of the current momentum.