I have recently noticed that gold is still the hottest topic among investors, especially after the strong wave we saw in 2025. Many people are now wondering about gold price forecasts for the coming period and the levels we may see during the second half of this year.

Let me share what I arrived at through my follow-up of analyses and data. In 2025, gold reached truly insane levels—breaking above $4,300 per ounce in October, then pulling back slightly to stabilize around $4,000. This rise was not random; it was the result of very real factors: fears of a slowdown in the global economy, easing monetary policies, and concern about massive sovereign debt. Central banks began buying gold seriously—especially China, India, and Turkey, which were particularly active.

Now, regarding gold price forecasts for the coming period, major investment banks have very optimistic views. HSBC expects to see gold reach $5,000 per ounce, with an average annual price around $4,600. Bank of America has almost the same outlook—$5,000 as a possible peak, but an average of $4,400. Even Goldman Sachs raised their forecasts to $4,900. This near-complete consensus is truly interesting.

But what supports these forecasts? First, demand for gold is still very strong. Gold exchange-traded funds (ETFs) saw massive inflows—assets under management reached $472 billion, and holdings nearly approached historic highs. Second, central banks are still buying greedily, especially in emerging markets. Third, mine supply is extremely limited—not enough to close the gap between demand and supply.

On the other hand, the Federal Reserve has cut interest rates several times, and expectations of further cuts are on the horizon. This means lower real yields on bonds, which makes gold more attractive. The US dollar is also weak, and its inverse relationship with gold is well known.

Of course, not everything is rosy. There are warnings of a potential correction that could take the price to $4,200—or even $3,800 if investors start taking profits strongly. But most analysts rule out a real crash unless a major economic shock occurs.

From a technical standpoint, gold is currently moving in a neutral range—the Relative Strength Index (RSI) is at 50, meaning a complete balance between buying and selling. However, other indicators suggest that the overall trend is still bullish.

As for gold price forecasts for the coming period in our region, in Egypt we may see prices approaching 520,000 EGP per ounce, and in Saudi Arabia and the UAE the figures will also be high if global expectations are realized.

Conclusion: Gold price forecasts for the coming period look positive overall, but the road is not straight. We will definitely see volatility, but the overall trend points upward. If you are thinking about investing or trading, you should be prepared for this volatility and understand the risks well.