Most economic analyses indicate that 2026 could be a pivotal year for gold prices globally and in the Saudi market in particular. Despite significant increases in gold prices in previous years, indicators still suggest that the overall trend will remain upward, driven by a range of global factors that bolster gold's position as a key safe haven.
Accordingly, through the Qimmat Zawiya Al Shifa Gold and Jewelry website , we present to you the gold price forecasts in Saudi Arabia for 2026, and we analyze the most prominent global influences, in addition to the most likely scenarios and what this could mean for investors in Saudi Arabia.
An overview of gold price forecasts for 2026
Forecasts suggest that gold prices will continue to rise during 2026, although at a relatively slower pace compared to what happened in 2025. Several estimates indicate the possibility of the price per ounce reaching a range between $4,500 and $5,000 during the year , with some optimistic scenarios placing gold above the five thousand mark.
This range reflects a widening of the space for expectations, resulting from global economic uncertainty and ongoing changes in the policies of major countries.
Price forecasts: A wide range reflecting a complex global situation
1. Extremely high levels (over $5000)
This optimistic outlook stems from the potential for continued strong demand from central banks, coupled with escalating geopolitical tensions or a delay in global interest rate cuts. These conditions could prompt traders to seek greater hedging, further fueling gold's upward trend.
2. More conservative levels ($4500 approximately)
Other analysts see this scenario as more likely, especially if the markets experience some stability or if the pace of central bank purchases slows down, which could lead to a slowdown in the rises without affecting the overall upward trend.
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Market trend: Continued upward but at a slower pace
Most experts agree that gold's upward trend will continue in 2026, but with the potential for some of the momentum seen in 2025 to subside. The main reasons for this continued rise include:
- Continued demand as a safe haven
- Expectations of an interest rate cut
- persistent inflation
- Declining confidence in stock markets in some countries
These factors will keep gold attractive, although price growth may slow down somewhat compared to the previous year.
Global factors driving the rise in gold prices
There are some factors that could lead to an increase in the price of gold in 2026, and they are as follows:
1. Central bank purchases
It is considered the most important and strongest factor supporting gold. In recent years, central banks have significantly increased their gold reserves to bolster monetary stability, and with widening global uncertainty, this trend is expected to continue into 2026.
2. Inflation and economic uncertainty
High inflation levels are driving governments and investors to seek assets that preserve their value, and gold is the preferred choice in such situations. Continued inflation will further support prices.
3. Interest rates policies
Expectations of interest rate cuts by the US Federal Reserve during 2026 are among the most important potential drivers of gold's rise, as interest rate cuts increase the attractiveness of fixed and non-yielding assets, such as gold.
4. Geopolitical tensions
As tensions rise, demand for safe-haven assets increases. Any political or military escalation in sensitive regions could push gold to record highs.
Factors that may put downward pressure on prices or slow their growth
There are several factors that could lead to a decrease in gold prices, including:
1. Potential slowdown in the pace of growth
If the markets experience some stability or an improvement in investor confidence, the pace of gold's rise may slow compared to previous years.
2. Decline in central bank purchases
Any decrease in the pace of gold purchases by central banks could cause a strong market correction.
3. The impact of monetary policies
If central banks adopt strong policies to control inflation or if there is a rapid economic recovery, the pressure on investors to buy gold may lessen.
What do these forecasts mean for investors in Saudi Arabia?
With local gold prices linked to the global market, consumers and investors in Saudi Arabia will be directly affected by these trends. Based on current data:
- The year 2026 is expected to see higher levels compared to previous years.
- Buying before the peak is likely to be a good investment opportunity for those who wish to hold for the long term.
- The possibility of price corrections resulting from changes in monetary policies or a decline in global demand must be taken into account.
Summary
2026 is expected to be a pivotal year for gold prices, with the upward trend continuing, driven by strong global factors such as interest rate policies, inflation, central bank purchases, and geopolitical tensions. While there may be a relative slowdown in growth or temporary corrections, the overall outlook remains positive, with expectations of reaching higher price levels per ounce. Gold prices are currently being monitored to track market movements closely. This makes gold an attractive option for investors seeking long-term hedging, especially in stable markets like Saudi Arabia.
Frequently asked questions about gold price forecasts in 2026
What is the highest price gold will reach in 2026?
Current forecasts suggest that gold prices in 2026 could reach a range of $4,500 to $5,000 per ounce , with optimistic scenarios potentially pushing prices to higher levels if central bank purchases continue and economic and geopolitical tensions increase.
Is 2025 the right year to invest in gold?
Many analysts consider 2025 a suitable year for investment, as prices are likely to continue rising in 2026. Buying gold before the expected surge gives investors a better chance to take advantage of the upward trend, especially given inflation and interest rate policies that support demand for gold.
Will gold continue to rise?
Based on current indicators, yes—gold's upward trend is likely to continue over the next two years. Factors such as central bank purchases, inflation, and potential interest rate cuts support this continued rise, although the pace of increase may slow slightly compared to previous years.