Gold could reach record prices in 2026, according to forecasts from the World Gold Council (WGC) in London, given the increase in demand driven by central banks.

Gold is a safe haven asset that is experiencing an upward trend globally, despite the drop in demand in the jewelry industry due to high prices.

“Experts agree that the precious metal remains a safe haven, especially in times of political or financial instability. The combination of Trump’s escalating trade war, a cautious US Federal Reserve, and uncertain global growth has maintained strong demand for gold from both institutional and retail investors.”

Added to this are the gold reserves held by central banks worldwide to reduce their reliance on the dollar, “a trend that supports the long-term momentum of the gold price.”

Figures from the World Gold Council indicate that central banks around the world “have purchased more than 700 tons of gold in the last 12 months,” clearly demonstrating institutional confidence in the long-term value of the precious metal, particularly in countries like China, India, Turkey, and Russia. This trend is also observed in other nations, such as Poland, Switzerland, and Germany.

M.Pino

Source: euronews

(Reference image source: Scottsdale Mint on Unsplash)

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