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Gold tipped to extend record-breaking rally in 2026

Analysts predict further gains for bullion after 64% rally last year

The gold price is set to extend its historic rally to hit fresh highs in 2026, although analysts expect the metal’s advance to slow after a year of stunning gains, according to a Financial Times survey.

The price of bullion, which soared 64 per cent in 2025, will rise by nearly 7 per cent to reach $4,610 per troy ounce by the end of this year, according to the average forecast of 11 analysts.

Many of the factors behind bullion’s blistering rally in 2025 are expected to remain intact this year, said analysts, including buying by emerging market central banks and investor demand for haven assets.

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