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XAU · forecasts reviewed Oct 2, 2026

Gold Price Forecast 2026–2027

What 15 banks and forecasters expect for the gold price through 2027, every figure dated and linked to its source, set against the live price.

$4,147.50per troy ounce−4.20 (−0.10%)

Live spotSingle sourceStatus

Live indicative spot. Live spot; observed Oct 15, 2026, 13:08 UTC; one reporting source.
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Consensus at a glance

Late 2026 targets · median of 8

$4,775

range $4,450 – $5,100

2027 average · median of 6

$4,712

range $4,300 – $5,125

End-2027 targets · median of 3

$5,200

range $5,025 – $5,400
$3,800$4,681$5,56220262027Goldman Sachs: $4,900 (End-2026)UBS: $4,600 (December 2026)UBS: $5,000 (March 2027)UBS: $5,200 (June 2027)UBS: $5,400 (September 2027)Bank of America: $4,000 (Q4 2026 average)Bank of America: $5,000 (Q2–Q3 2027 average)Bank of America: $4,813 (2027 average)Wells Fargo Investment Institute: $5,000 (End-2026)Wells Fargo Investment Institute: $5,300 (End-2027)Société Générale: $4,750 (Q4 2026)Société Générale: $5,125 (2027 average)Société Générale: $5,250 (Q3 2027)Morgan Stanley: $4,450 (Q4 2026)Citi: $4,800 (0–3 months (to late Nov 2026))Citi: $5,000 (6–12 months (to Aug 2027))ING: $4,150 (Q4 2026 average)ING: $4,375 (2027 average)HSBC: $4,750 (End-2026)HSBC: $5,025 (End-2027)HSBC: $4,925 (2027 average)J.P. Morgan: $4,500 (Q4 2026 average)Deutsche Bank: $4,800 (Q4 2026)Commerzbank: $4,800 (End-2026)Commerzbank: $5,200 (End-2027)Standard Chartered Wealth: $5,100 (Mid-2027)Reuters analyst poll (median): $4,610 (2027 average)World Bank: $4,300 (2027 average)
Line: month-end prices over the last 12 months; dashed: latest close extended. Filled dots: point targets and ranges; open dots: period averages, placed at the middle of the period.

Every published forecast

InstitutionHorizonForecastvs todayTypePublished · source
Bank of AmericaQ4 2026 average$4,000−3.6%AverageSep 30, 2026 · TheStreet via Yahoo Finance
Deutsche BankQ4 2026$4,800+15.7%AverageJun 23, 2026 · Kitco
INGQ4 2026 average$4,150+0.1%AverageSep 3, 2026 · ING Think
J.P. MorganQ4 2026 average$4,500+8.5%AverageJul 3, 2026 · Reuters via Investing.com
Morgan StanleyQ4 2026$4,450+7.3%TargetAug 20, 2026 · Canadian Mining Report
Société GénéraleQ4 2026$4,750+14.5%TargetSep 20, 2026 · see.news
Citi0–3 months (to late Nov 2026)$4,800+15.7%TargetAug 24, 2026 · investingLive
CommerzbankEnd-2026$4,800+15.7%TargetJun 4, 2026 · Kitco
Goldman SachsEnd-2026$4,900+18.1%TargetSep 2, 2026 · Kitco
HSBCEnd-2026$4,750+14.5%TargetJul 9, 2026 · Reuters via GV Wire
UBSDecember 2026$4,600+10.9%TargetSep 17, 2026 · Investing.com
Wells Fargo Investment InstituteEnd-2026$4,900–5,100+20.6%RangeAug 17, 2026 · investingLive
UBSMarch 2027$5,000+20.6%TargetSep 17, 2026 · Investing.com
Bank of AmericaQ2–Q3 2027 average$5,000+20.6%AverageSep 30, 2026 · TheStreet via Yahoo Finance
Bank of America2027 average$4,813+16.0%AverageSep 30, 2026 · TheStreet via Yahoo Finance
HSBC2027 average$4,925+18.7%AverageJul 9, 2026 · Reuters via GV Wire
ING2027 average$4,375+5.5%AverageSep 3, 2026 · ING Think
Reuters analyst poll (median)2027 average$4,610+11.2%AverageJul 28, 2026 · Reuters via Yahoo Finance
Société Générale2027 average$5,125+23.6%AverageSep 20, 2026 · see.news
Standard Chartered WealthMid-2027$5,100+23.0%TargetJun 22, 2026 · investingLive
UBSJune 2027$5,200+25.4%TargetSep 17, 2026 · Investing.com
World Bank2027 average$4,300+3.7%AverageApr 28, 2026 · World Bank Commodity Markets Outlook
Société GénéraleQ3 2027$5,250+26.6%TargetSep 20, 2026 · see.news
Citi6–12 months (to Aug 2027)$5,000+20.6%TargetAug 24, 2026 · investingLive
UBSSeptember 2027$5,400+30.2%TargetSep 17, 2026 · Investing.com
CommerzbankEnd-2027$5,200+25.4%TargetJun 4, 2026 · Kitco
HSBCEnd-2027$5,025+21.2%TargetJul 9, 2026 · Reuters via GV Wire
Wells Fargo Investment InstituteEnd-2027$5,200–5,400+27.8%RangeSep 29, 2026 · Investing.com

“vs today” compares each forecast (the middle of a range) with the live price. Latest forecast in the list published Sep 30, 2026; list reviewed Oct 2, 2026.

How this page is built

We include a forecast only when we could read the figure on a published page — the institution’s own research page, or reporting by Reuters, Kitco, Investing.com, Yahoo Finance and similar outlets — and we link that page. Figures from a single unconfirmed secondary source, or without a publication date, are left out. Point targets, ranges and period averages are labelled because they are not the same thing: an average for 2027 can be met even if the price ends the year far away.

Forecasts are opinions and are frequently revised or wrong. Nothing on this page is investment advice. The live price, its history and the day’s change are on the gold price page.

What do analysts forecast for the gold price (late 2026 targets)?

Across 8 published forecasts (Q4 and year-end 2026 point targets and ranges), the median is $4,775 per ounce, with a range of $4,450 to $5,100. Figures as published between Jun 4, 2026 and Sep 20, 2026; each is linked to its source on this page.

What do analysts forecast for the gold price (2027 average)?

Across 6 published forecasts (forecasts of the average price over 2027), the median is $4,712 per ounce, with a range of $4,300 to $5,125. Figures as published between Apr 28, 2026 and Sep 30, 2026; each is linked to its source on this page.

What do analysts forecast for the gold price (end-2027 targets)?

Across 3 published forecasts (year-end 2027 point targets and ranges), the median is $5,200 per ounce, with a range of $5,025 to $5,400. Figures as published between Jun 4, 2026 and Sep 29, 2026; each is linked to its source on this page.

How accurate are gold price forecasts?

Not very. Bank forecasts are revised often, sometimes by hundreds of dollars within months, and banks disagree widely at any moment, as the spread on this page shows. Treat them as a summary of professional opinion, not as a prediction to trade on.

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