Gold: Forecasts predict rise to $5,000 by 2026

Despite the recent price correction, long-term forecasts for gold remain positive, with estimates reaching $5,000 per ounce by 2026.

According to the annual conference of the London Bullion Market Association (LBMA) in Kyoto, participants expect the price of gold to rise by 27% from current levels.

Optimism is based on continued demand from central banks, expectations of interest rate cuts by the Fed, and the weakening of the dollar.

Although gold fell to $3,900 after a historic high, it remains 50% higher year-on-year.