Honestly, I’ve noticed that gold is giving you a strong dramatic scene this year. 2026 started off with crazy strength, reaching close to $5,600 in January, but then it nearly collapsed in March and dropped to $4,700–$4,800. The problem is that the market doesn’t have a clear balance. On one side, there’s strong demand for safe havens and central banks are buying aggressively, and on the other side, the dollar is strong and US interest rates will put pressure on it.

Will the gold price rise from here? That’s the question everyone is asking. Major analysts almost agree that the overall trend is positive. JPMorgan expects $6,300 by the end of the year, and UBS raised their forecast to $6,200, but they have alternative scenarios that could drop to $4,600 if monetary policy tightens. Deutsche Bank says $6,000, and even Goldman Sachs is at $5,400. So there’s consensus that gold is moving within a healthy range.

But the truth is, the main drivers are still present: inflation isn’t over yet (we saw it rise to 3.3% in March), geopolitical tensions continue, and central banks won’t stop buying. All of this supports demand for gold as a safe haven.

But beware of traps: if the Federal Reserve raises interest rates again, or if some major conflicts end, demand for safe havens could decrease. And a strong dollar will keep pressure on prices. So the movement won’t be a straight upward line, but rather continuous fluctuations.

From an investment perspective, everyone chooses according to their goals. If you’re looking for long-term protection against inflation, gold bars and coins are safe. But if you’re an active trader wanting to profit from daily volatility, futures or options contracts are better — just know that leverage multiplies both gains and losses.

In summary: gold remains in a strong position, and fundamental factors support it, but don’t expect a straight climb. Expect volatility, monitor economic data and monetary policies, and have a clear plan before entering. Will gold’s price go up? Most likely yes, but the road won’t be smooth.