I have recently noticed that gold is experiencing some truly interesting movements. At the beginning of this year, it jumped to record levels we haven't seen before, but things didn't continue with the same momentum. Let me share with you what is actually happening in the market.

In January, gold reached a peak of nearly $5,600 per ounce, a real achievement even major institutions did not expect. But by March, it entered a sharp correction, losing about 12 percent, before stabilizing in April around $4,700-$4,800. And now, halfway through the year, everyone is wondering: when will gold's price rise again?

The truth is that 2025 was an exceptional year for gold. It started around $3,000 and ended with gains exceeding 70 percent. The demand for safe havens was very strong, and central banks kept buying. This momentum carried gold into a strong start for 2026.

But what currently governs gold's movement? First, there is inflation. We saw it rise to 3.3 percent in March, which means investors are looking for ways to preserve their money. Second, the strength of the US dollar plays an opposing role—when the dollar strengthens, gold declines. Third, decisions by central banks, especially the US Federal Reserve, directly impact prices.

Major financial institutions have relatively optimistic forecasts. JPMorgan expects gold to reach $6,300 by the end of the year, while UBS sees it possibly reaching $6,200. Deutsche Bank talks about $6,000, and Goldman Sachs places the price around $5,400. Even Bank of America has raised its forecast to $5,000.

However, there are factors that could disrupt these expectations. If the US Federal Reserve decides to raise interest rates again, demand for gold could weaken. Or if some geopolitical conflicts end, demand for safe havens might decrease. All of this makes the market very sensitive to news.

From an investment perspective, I see people choosing between two paths. Some buy physical gold or gold-backed funds to preserve wealth long-term. Others use contracts for difference (CFDs) to speculate on daily movements. The first option is safer but slower. The second is faster but carries higher risks.

When will gold's price rise from here? It depends on what happens with inflation, the dollar, and US interest rates. If geopolitical pressures persist and demand for safe havens continues, an upward move is possible. But if the dollar strengthens further or interest rates start rising, we may see more correction.

The advice I find important: before investing, clearly define your goals. Do you want to protect your savings from inflation? Or are you looking for quick profits? Can you tolerate price fluctuations? Investors with a clear plan are those who achieve better results, regardless of market direction.