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For the first time in history, gold has surpassed the $5,000 mark per ounce, recording a stunning bullish rally.
According to data from CoinGecko, referencing the gold-pegged stablecoin PAX Gold (PAXG), the asset recorded a new all-time high (ATH) of $5,619.09 on January 29, 2026. This represents a massive +14.7% performance in just the last seven days.
While the year has started with explosive momentum, can gold sustain this trajectory? Here are the price predictions from major financial institutions and AI models for 2026.
The Gold Price Prediction of 2026
Goldman Sachs: Bullish Upgrade to $5,400
Goldman Sachs, a leading American investment bank, has significantly upgraded its outlook.
- Previous View (Sept 2025): In a report by analyst Lina Thomas, the bank initially forecast gold to hit $4,000 by mid-2026, driven by central bank demand and Fed rate easing.
- Updated View (Jan 2026): In a new report released this January, the bank raised its target to $5,400.
Why the upgrade? Goldman Sachs sees a “structural shift” in demand rather than just a short-term spike. They expect central banks to purchase an average of 60 tonnes in 2026 as emerging markets continue to diversify reserves away from the U.S. dollar.
“We assume private sector diversification buyers… don’t liquidate their gold holdings in 2026, effectively lifting the starting point of our price forecast.” — Goldman Sachs
J.P. Morgan: Steady Growth to $5,055
Target: $5,055 in Q4 2026
J.P. Morgan expects a stable environment. The firm notes that the U.S. Federal Reserve has already cut rates three times in 2025 (bringing them to 3.50%–3.75%). They predict the Fed will hold rates steady through most of 2026, with further cuts likely after June.
The firm projects quarterly gold demand to hover around 585 tonnes, with ETFs contributing roughly 250 tonnes of that demand.
Standard Chartered: Moderation at $4,800
Target: $4,800 (Average for 2026)
British multinational bank Standard Chartered offers a more conservative view, predicting an average price of $4,800. Their forecast relies on three scenarios:
- Gradual Rate Cuts: The Fed cuts rates slowly, preventing real yields from collapsing (which limits gold’s upside).
- Slower Buying: Central banks continue buying, but not at the record-breaking levels seen in 2025.
- Soft Dollar: The U.S. dollar remains weak, supporting gold but not enough to push it above $6,000.
Wells Fargo: The Bearish Case ($4,500–$4,700)
Target: Drop to $4,500–$4,700 range
Among the major banks, Wells Fargo is the most bearish. Given that gold is currently trading above $5,600, their prediction implies a significant price drop.
The bank argues that the U.S. economy will show resilience in 2026, reducing the need for investors to flock to “safe-haven” assets. They believe central bank buying will not be enough to offset the headwinds of a stronger economy.
The AI Perspective: From $5,000 to $10,000?
ChatGPT: $5,150 (Q1 2026) In a report by Finbold, ChatGPT analyzed the technical data and predicted a push above $5,100 in March 2026. It cited strong buying interest at the $4,900 support level and psychological price dynamics, noting that prices often “overshoot” after breaking major round numbers like $5,000.
Speculative AI Models: $10,000 (April 2026) An article from the Economic Times of India highlighted a more extreme scenario. When asked to factor in aggressive monetary easing, currency debasement, and high geopolitical risk, an unnamed AI model projected gold could skyrocket to $10,000 by April 2026. However, this remains a highly conditional “worst-case scenario” for the global economy.
This article is published on BitPinas: Will Gold Reach $10,000? List of Price Predictions
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