The post Central bank demand fuels gold’s bid for new highs with forecasts eyeing $5,000 in Q1 appeared on BitcoinEthereumNews.com.

After a monster 64% rally in 2025, analysts are expecting gold to continue on, as a new Wall Street-FT survey shows the average forecast for gold this quarter is $4,610 per troy ounce, a nearly 7% rally from current all-time highs. You want to know the reason behind the rampant optimism? Well, look no further than global central banks that are still buying, as if the supply is going to finish tomorrow. The biggest prediction came from Nicky Shiels at MKS Pamp who proudly said on Friday that she sees gold hitting $5,400, a full 25% jump. She said most analysts have been “too timid” with their estimates. Shiels believes the dollar is still weakening and says, “We are only in the early innings of the debasement cycle.” That’s why some big money is being moved into gold, she explained. Forecasts vary wildly as analysts weigh investor behavior Lina Thomas from Goldman Sachs expects $4,900 by the end of 2026, saying there’s “significant upside” if more investors get into gold, which they likely would, thanks to geopolitical uncertainties designed by none other than US President Donald Trump. Lina’s model apparently shows that for every 0.01% increase in how much U.S. investors put into gold, the price could rise by around 1.4%. Right now, gold still makes up a small part of most portfolios. But to be fair, no one saw 2025 coming. At the start of the year, analysts were guessing an average of $2,795. The actual year-end price was $4,314, as Cryptopolitan earlier reported. Peter Taylor from Macquarie Group says gold is becoming “harder to predict.” He believes it’s being driven by investor feelings more than traditional supply and demand. His forecast is $4,200, one of the lower ones. He added, “We will see more macro news stability,” which…

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Filed under: News - @ January 3, 2026 11:28 am