Do you think gold will continue to rise or not? Honestly, everything I saw in the first months of 2026 was crazy. Just in the first month, gold jumped from around $4,000 to $5,600, a surge no one expected. But then it entered a correction that wasn’t easy, especially in March. Now in May, gold is moving between $4,700 and $4,800, meaning it’s fallen from the peak but still at high levels.

What I noticed is that the market has become more sensitive. Every economic news or geopolitical tension moves the prices. US inflation hit 3.3% in March, which helped gold bounce back a bit after the decline. Central banks are still buying, and the weak dollar supports the prices.

Regarding the new forecasts, major analysts have slightly differed. JPMorgan expects $6,300 by the end of the year, UBS raised the forecast to $6,200 with a possibility of reaching $7,200 if geopolitical situations worsen further. Deutsche Bank expects $6,000, and Goldman Sachs around $5,400. Bank of America is more cautious, predicting $5,000. The average from a Reuters poll was $4,746 per ounce, but that’s a bit outdated.

The problem is that everything depends on Federal Reserve decisions and global conditions. If they raise interest rates, gold might drop. If geopolitical crises intensify, demand for safe havens could decrease. But on the other hand, inflation still exists, and people are worried about their money.

Personally, I see that gold might test higher levels in the coming months, but not at the same speed we saw in January. The market has become more balanced, and investors are more cautious. If you’re thinking of buying gold, this is a reasonable time but don’t rush. Focus on your long-term plan and don’t be fooled by daily fluctuations. Gold price forecasts in the coming days depend more on economic news and political developments than anything else.