Gold Prices Continue to Rise: Experts Evaluate

Despite Fluctuations, the Rise Continues

Gold prices continue to maintain their upward trend despite the fluctuations observed in recent weeks. Despite the pressures from market conditions, the precious metal has recorded a significant increase of around %16 since the beginning of the year. Last week, gold was trading about %7 below record levels, but experts indicate that these fluctuations do not represent a permanent change in direction.

Rapidly Changing Market Dynamics

The highest daily drop and the strongest daily rise in recent times have brought discussions about short-term direction in the gold market to the forefront. However, global investment analysts share the view that these fluctuations do not affect the overall upward trend.

UBS: The Main Trend is Upward

The financial institution UBS emphasizes that gold remains an important store of value. Experts state that price fluctuations do not affect gold's protective function against geopolitical risks and market stress. According to UBS analysts, despite Kevin Warsh's support for a smaller Fed balance sheet, the positive outlook on low interest rates suggests that the gold price could rise to approximately $5,900 per ounce by the end of the year.

CIBC: Sees the Correction as a Temporary Pause in Growth

CIBC is making more ambitious forecasts for gold prices. The bank has raised its average annual gold price forecast for 2026 to $6,000 per ounce. According to CIBC, recent price corrections are viewed as merely temporary adjustments in a broader upward movement. It is predicted that gold prices could reach an average of $6,500 per ounce by 2027.

Factors Supporting the Upward Expectations

• Continued high geopolitical uncertainties.


• Possibility of medium-to-long-term weakening of the US dollar.


• Reduction in the cost of holding gold with falling interest rates.


• Increased gold purchases by central banks.


• Ongoing search for safe havens.

Indirect Signs of Upward Movement in the Silver Market

On the other hand, the latest transactions showed that silver declined below $82 per ounce. However, CIBC predicts that silver prices will also find their direction anew, similar to gold. The average price forecast for silver in 2026 has been revised to $105 per ounce.