I noticed that gold has experienced a very strong year so far. 2026 started with a crazy bullish momentum - reaching $5,600 in January, but then entered a sharp correction in March before regaining some of its losses. Now it’s trading around $4,700-$4,800 per ounce.

The main driver remains the demand for safe havens - geopolitical tensions are still high, and central banks are still buying aggressively. But on the other hand, the strength of the dollar and US interest rates are putting downward pressure on the price.

Most major banks have raised their year-end forecasts - between $5,000 and $6,300 depending on the scenario. The difference depends on whether geopolitical tensions persist or ease, and on the Federal Reserve’s decisions regarding interest rates.

The real factors currently controlling gold prices are: inflation, dollar movements, central bank policies, and demand from investment funds. Any development in these areas could quickly change the trend.

If you’re considering entering the market, the most important thing is to clearly define your goals and avoid trading impulsively. Gold is a safe haven, but it’s not without risks.