Gold price outlook for 2026 based on the 10-year gold price chart

Over the past 10 years, gold prices have steadily risen due to increased demand for safe assets and growing global economic uncertainty. Many international financial institutions have also expressed optimistic outlooks for gold prices in 2026, suggesting that gold remains an attractive investment.

Trends in Gold Prices Over the Past 10 Years and the Current Situation

As of early last year, domestic gold prices were around 952,000 won per 3.75g (1 don), significantly higher than 10 years ago. International gold prices also climbed to approximately $4,585 per ounce, about 38% higher than six months prior.

Comparing charts of gold prices from Korea Gold Exchange and international markets shows a tendency for domestic and global gold prices to follow similar trends. This indicates that domestic gold prices are heavily influenced by the global financial market, and analyzing overall international trends is necessary to predict future gold price movements.

Key Variables Influencing Gold Prices

The Trend of De-dollarization and Gold’s Value

De-dollarization policies are spreading worldwide, aiming to reduce reliance on the US dollar in international trade. Major countries like China are promoting the internationalization of the yuan, and India is expanding the use of the rupee, with nations accumulating gold as an alternative asset to the dollar. Countries under US sanctions are also increasingly conducting international transactions using gold instead of dollars. This trend can lead to rising global demand for gold, driving up prices.

Geopolitical Risks and Safe Asset Preference

Gold is a preferred safe asset during times of high economic uncertainty. The record increases in gold prices during the 2008 global financial crisis, the 2011 European debt crisis, and the 2020 COVID-19 pandemic demonstrate this. Recently, increasing global risks such as US-China trade tensions, the Ukraine conflict, and Middle Eastern disputes continue to boost demand for gold.

Potential Weakening of Economies in Developed Countries

Concerns over global economic slowdown also support higher gold prices. During economic recessions, returns on traditional investments decline, prompting capital to flow into safe assets like gold to preserve wealth.

Central Bank Interest Rate Cuts

Interest rate cuts are closely linked to gold prices. When rates fall, yields on savings accounts and bonds decrease, reducing the opportunity cost of holding gold. Additionally, rate cuts are often seen as signals of economic weakness, prompting investors to flock to safe assets like gold.

Gold Price Trends in 2026

Predictions from Major Financial Institutions

Key international financial institutions are optimistic about gold prices in 2026. JP Morgan suggests prices could rise to around $5,055 per ounce by the end of the year, while Goldman Sachs sees potential for further increases throughout the year. HSBC has issued a more aggressive forecast, predicting gold could reach $5,000 per ounce in the first half of the year.

Overall Assessment and Investment Considerations

In summary, gold prices are likely to continue rising through 2026. However, economic recovery could exert downward pressure, and some experts mention the possibility of price corrections in the second half of the year. Therefore, while maintaining a positive outlook, investors should prepare for volatility with appropriate risk management.

If you decide to invest in gold, choosing a reliable financial trading platform and developing a strategy aligned with your investment goals are essential.