I noticed that gold saw wild moves in 2026, and gold price forecasts for the coming days differ greatly from what was expected at first. January was insane—the price reached nearly $5,600 per ounce, a completely new all-time high. But the story doesn’t end there.

After the crazy surge, gold entered a very sharp correction in March, and I remember that this was the worst month for gold since 2008. It lost about 11.8% in just one month. After that, things stabilized a bit, and it began to recover gradually in April around the $4,700–$4,800 level.

The big psychological barrier now is $5,000—the price hasn’t been able to hold above it yet, despite all attempts. But what matters is that major institutional gold price forecasts are still positive. For example, JPMorgan expects the price to reach $6,300 by the end of the year, and UBS raised its forecast to $6,200. Even Deutsche Bank expects $6,000.

The supporting factors for the price are clear—central banks haven’t stopped buying, and demand for safe havens remains strong due to tense geopolitical conditions. The US dollar has been weak for a while, which helped gold. But at the same time, rising bond yields and US interest rates are factors weighing on the price.

As for inflation, I saw that the US Consumer Price Index reading reached 3.3% in March, which increased gold’s appeal as an inflation hedge. People started to worry again, and gold benefited from that.

Gold price forecasts for the coming days depend a lot on decisions by the US Federal Reserve. If they raise interest rates again, the price could collapse. If geopolitical conditions stabilize, we may see selling. But if the crises continue and demand for safe havens stays high, the price could actually test higher levels.

The truth is that gold price forecasts for 2026 have become more complex than in previous years. The market is extremely sensitive to economic data and political developments. There isn’t a straight, uninterrupted rise like in 2025, when it gained 70%. Now, every day brings volatility and pressure from different directions.

Personally, I don’t expect gold to fall by much from here. The core drivers are still there—central banks are buying, and people are afraid of the economic future. But I also don’t expect to see a sharp rally like in January. The market has become more balanced, and every price move is calculated.