Gold set for new growth phase as banks lift 2026 price targets Gold prices have surged more than 70% in the past year and are now entering a new phase of spectacular growth. Major investment banks such as Goldman Sachs and UBS have raised their 2026 price forecasts to $5,400 and $5,000 per ounce, respectively, citing sustained private investor demand and central‑bank purchases of about 60 tonnes per month. Rising geopolitical tensions in the Middle East, especially around the Strait of Hormuz, and uncertainty over U.S. fiscal‑monetary policy - intensified by Donald Trump’s attacks on Federal Reserve independence - are driving capital toward gold as a safe‑haven. Category: Economy Tags: War, Economy, Politics Countries, cities and persons involved: United States, Greece, Middle East, Donald Trump, Goldman Sachs, UBS Sentiment: Positive

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