Continuing its upward momentum in the early trading session yesterday morning, gold prices surged strongly and broke above the 4600 level, creating a new peak at 4630 USD/ounce last night, despite the absence of any newly released economic data.
At the present time, three key factors — monetary policy, geopolitical conflicts, and an overall less-than-optimistic economic outlook — have combined to form a “golden triangle,” providing strong support for the robust growth of gold prices.
In addition, technical factors also indicate that in the short- to medium-term trend, there are few elements capable of breaking the current upward momentum.
Therefore, I believe that this is the period when important factors have begun to take shape and are starting to push gold prices higher. If there are no unexpected developments, gold prices in 2026 are likely to reach 4900–5000 USD/ounce toward the end of the year.
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