After the record growth in 2025, gold may lose its position. Analysts at The Economic Times, relying on forecasts from leading investment banks, expect the price to drop to $2500–2700 per ounce in the second half of 2026 — this will be the lowest figure in the last two years. This is reported by First Business.
Why gold prices will start to fall in 2026
Experts cite a gradual decrease in geopolitical tensions, market stabilization, and a future reduction in the key rates of the U.S. Federal Reserve as reasons for the decline. In such conditions, gold loses its status as a 'safe haven', as investors begin to focus again on more profitable directions.
Main factors pressuring gold prices
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decrease in demand for safe assets;
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renewed interest in stock markets;
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expected reduction in Fed rates;
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stabilization of the geopolitical situation.
To what level will gold prices fall in 2026
According to the baseline scenario, the cost of gold will remain near $3000 per ounce until mid-2026, after which a gradual decline will begin. Alternative forecasts diverge: in the event of new trade conflicts, a short-term price spike is possible, but if global risks decrease — quotes could fall sharply.
For Ukraine, this trend will have several consequences. Firstly, the value of the NBU's gold and foreign exchange reserves may decrease. Secondly, imported jewelry may become cheaper. And thirdly, changes in dollar demand may affect the currency market — either towards stabilization or short-term fluctuations.
Experts add that investors should closely monitor the Fed's decisions and the overall market dynamics. After all, this will determine whether gold remains on the pedestal of 'safe' assets or ultimately loses its luster.
Earlier, we wrote that gold continues to set value records against the backdrop of problems between the U.S. and China.