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Gold Fever Returns: $5,000 on the Horizon

gold

The gold market has turned upward once again as the new week begins. After mild profit-taking on Friday triggered a temporary pullback, gram gold quickly regained momentum, stabilizing around 5,770 TL on Monday morning and edging closer to the 5,800 TL threshold.

In the domestic market,

  • Quarter gold is trading at 9,549 TL,

  • Republic gold stands at 38,051 TL,
    reflecting continued resilience despite recent volatility.

Markets Focus on Wednesday’s Fed Decision as Expectations Shift Toward a Rate Cut

Globally, investor attention is fixed on the U.S. Federal Reserve’s upcoming interest-rate decision, scheduled for Wednesday.
According to CNBC-e, markets now assign an 87% probability to a 25-basis-point rate cut, a move that would mark a significant shift toward monetary easing.

In anticipation, the U.S. dollar index has weakened, creating favorable conditions for gold. As a result, spot gold climbed to $4,217 per ounce, continuing its upward trajectory and reinforcing bullish sentiment in precious metals.

Seven Global Banking Giants Raise 2026 Gold Forecasts to Historic Highs

The most striking development in global markets, however, came from the world’s top financial institutions. A group of seven central global banks, led by Bank of America and JPMorgan, released newly updated long-term gold forecasts—each pointing to record-breaking price targets for 2026.

The standout projection came from the two U.S. giants, both of which raised their gold price target to $5,000 per ounce, marking the highest forecast among all institutions.

Analysts note that these aggressive upward revisions stem from expectations of:

  • prolonged monetary easing,

  • persistent geopolitical instability,

  • increased central-bank gold purchases, and

  • rising investor appetite for safe-haven assets.

Record 2026 Gold Price Forecasts From Major Global Banks

Here are the newly announced 2026 gold targets from the world’s leading financial institutions:

  • Bank of America: $5,000

  • JPMorgan: $5,000

  • Goldman Sachs: $4,900

  • Wells Fargo: $4,500 – $4,700

  • Morgan Stanley: $4,500

  • UBS: $4,500

  • Deutsche Bank: $4,450

This consensus shift across global banks marks one of the strongest long-term bullish outlooks seen in more than a decade.

Why Banks Expect a Gold Supercycle

Economists and strategists highlight several key dynamics behind the sharply upgraded forecasts:

  • Central banks are buying gold at record levels, diversifying away from the dollar.

  • Global inflation remains sticky, encouraging investors to accumulate hedging assets.

  • Geopolitical conflicts and uncertainty continue to disrupt markets.

  • Increasing U.S. debt levels raise concerns over long-term currency stability.

  • Expectations of multi-year Fed rate cuts provide structural support for precious metals.

With major institutions publicly projecting prices near or above the $5,000 threshold, analysts say the market may be entering a new gold supercycle, potentially reshaping investment strategies across commodities, currencies, and global portfolios.

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