Behind the Central Bank's Massive Gold Purchases: Will Gold Prices Rise Again by 2026?

【BitPush】There’s an interesting phenomenon—gold futures hit a new high this year, and this upward trend might not be over next year.

According to the latest institutional outlook for 2026, gold prices are expected to continue rising. Their main forecast is as follows: by the end of 2026, gold prices could increase by approximately 14%, reaching around $4,900 per troy ounce. However, they also mentioned that this is not the limit, and there is still room for growth.

What is the core driver behind all this? Central banks. In recent years, central banks around the world have been increasing their appetite for gold, and it is expected that next year, they will buy an average of 70 metric tons per month. This number is quite astonishing. The underlying logic is not hard to understand—geopolitical uncertainties are increasing, and central banks are increasing their gold holdings to hedge risks. This is a very traditional but effective safe-haven strategy.

Ultimately, under the backdrop of economic turbulence and political tension, the demand for gold as the ultimate safe-haven asset is on the rise.