Gold Price Prediction 2025-2026
Gold prices reached record highs above $4,380 per ounce in mid-October 2025 before correcting about 11%, falling below the key $4,000 level. As of Thursday, 6 November 2025, prices are rising 0.8%, moving back above an important resistance point.
Bullish Forecasts Despite Recent Decline
Major financial institutions like UBS, ING, and Goldman Sachs remain highly optimistic, projecting gold prices between $4,200 and $5,600 per ounce. These targets suggest a potential upside of up to 40% from current levels.
Reasons Behind the Recent Price Drop
The recent pullback is mainly due to technical factors rather than fundamental issues. Sagar Khandelwal from UBS Global Wealth Management commented:
“Outside technical factors, we see no fundamental reason for the sell-off.”
The drop below $4,000 in November 2025 resulted from multiple short-term pressures, including profit-taking following gold’s rapid rise to $4,381 in October.
Technical Analysis and Market Outlook
Experienced retail investor and analyst insights indicate the correction reflects temporary market dynamics rather than lasting weakness. After a strong 47% year-to-date rally, traders have been securing profits.
Author’s summary: The recent dip in gold prices is a short-term technical correction amid a strong bullish outlook, with experts forecasting a substantial rise above $5,000 per ounce in the near future.