The World Bank has raised its gold price forecasts for 2026 and 2027.
“Elchi” reports this with reference to the Bank.
According to the forecast, the average price of gold is expected to be $4,700 per troy ounce in 2026. This represents a 37% increase compared to 2025. Compared to the World Bank’s previous forecast from October 2025, the gold price expectation for 2026 has been increased by $1,125.
The average price of gold is expected to be $4,300 per troy ounce in 2027. This figure is $925 higher than the previous forecast, but represents a decrease of approximately 9% compared to 2026.
The forecast notes that gold prices rose sharply in the first quarter of 2026, exceeding $5,000 in February, but later retreated somewhat amid profit-taking, weakening inflows into ETFs (exchange-traded funds), and expectations of delayed interest rate cuts.
According to the World Bank, the rise in gold prices is mainly due to high geopolitical tensions, increased demand for safe-haven assets, and speculative investment inflows. At the same time, central bank purchases remain one of the key factors supporting prices.
Investment demand is expected to remain strong during the forecast period, with continued inflows into gold-backed ETFs. However, it is noted that jewelry demand is expected to weaken against the backdrop of high prices.
The World Bank emphasizes that further escalation of geopolitical tensions could push gold prices above the forecasts; otherwise, high interest rates and a strengthening dollar could put pressure on prices.