Reuters Poll Raises 2026 Gold Price Median Forecast to $4,746

A poll conducted by Reuters involving 30 analysts and traders raised the median gold price forecast for 2026 to $4,746.50 per ounce, the highest annual forecast in Reuters polls since they began in 2012, with silver expected to reach $79.50.

Poll participants, including David Russell of GoldCore, Deutsche Bank, and Carsten Menke of Julius Baer, attributed the bullish outlook to escalating geopolitical risks, continued gold purchases by central banks, concerns over the independence of the U.S. Federal Reserve, growing U.S. public debt, and a move by some countries to reduce reliance on the US dollar.

This poll comes after a wave of banks and financial institutions raising their gold forecasts throughout the year, but it remains the highest ever in Reuters' polling series, reflecting a broad shift in analysts' conviction regarding the yellow metal. This reading was published on February 4, 2026.

These forecasts matter to Arab investors and financial planners as they are used as a reference in asset allocation; however, the figures remain estimates subject to revision as interest rate and inflation trajectories change, and do not constitute a guarantee of real-world fulfillment.

What do these terms mean?

Analysts' Poll: A periodic survey conducted by news agencies tracking the average expectations of a group of experts regarding the price of an asset over an upcoming period.

Price Forecasts: Future estimates of price levels, not a guarantee, as they change with shifting economic and political data.

Dedollarization: The trend among some countries and central banks to reduce reliance on the US dollar in trade and reserves, considered one of the drivers of gold demand.