Gold Price Forecast
RBC Capital Markets predicts gold could reach $4,929 an ounce by the end of 2026, maintaining a high-scenario forecast originally published in December. The bank attributes this outlook to renewed central bank buying and a return of investor demand. This bullish view coincides with a strong August performance for gold. However, the market remains volatile as investors weigh inflation risks, high Treasury yields, and the possibility of a Federal Reserve rate hike in September ahead of Friday's jobs report.
What changed
RBC Capital Markets reaffirmed its year-end price target of $4,929 per ounce.
Live updates
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RBC Forecasts Gold Price Rise to $4,929 by Year-End
RBC Capital Markets predicts gold could reach $4,929 an ounce by the end of 2026, maintaining a high-scenario forecast originally published in December. The bank attributes this outlook to renewed central bank buying and a return of investor demand. This bullish view coincides with a strong August performance for gold. However, the market remains volatile as investors weigh inflation risks, high Treasury yields, and the possibility of a Federal Reserve rate hike in September ahead of Friday's jobs report.
Why it matters
Gold prices are influenced by geopolitical stability and US monetary policy. Recent tensions between the US and Iran and shifts in central bank reserves, such as the Dutch central bank moving 86 tonnes of gold to London, reflect broader crisis readiness strategies.
What is confirmed
- RBC Capital Markets forecasts gold could reach $4,929 an ounce by the end of 2026.
- Investors are monitoring inflation risks and Treasury yields ahead of Friday's jobs report.
Still unconfirmed
- AI-linked share strength helped the S&P 500 and Dow withstand US-Iran tensions.
What to watch next
- Friday's US jobs report
- September Federal Reserve rate decision
confidence 80%Sources used for this update (7)
- finance.yahoo.com — RBC forecasts gold could reach $4,929 an ounce by year-end
- www.macrobusiness.com.au — When the heat is on, distrust gold
- www.wtxl.com — Midday Update: FDOT revokes Flock camera permits, Leon County court computer failure, & more
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: S&P 500, Dow gain as AI strength offsets US-Iran friction
- fnarena.com — August In Review: Much Better Than Feared
- www.gold-eagle.com — Current Price of Gold Today
- cryptobriefing.com — Dutch central bank shifts 86 tonnes of gold to London for crisis readiness
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Gold Prices Steady Amid US Monetary Policy Insights
Gold prices are stable around $4600 per ounce as markets await a speech by Warsh at Jackson Hole for US monetary policy insights. The price had previously dropped $70 after Warsh vowed 2% PCE inflation. A bullish EMA cross and support cluster are keeping $4855 in play. Gold prices also face pressure from US-Iran tensions and a hawkish US Federal Reserve outlook.
Why it matters
The gold market is sensitive to US monetary policy decisions, which impact the dollar and investor appetite for safe-haven assets like gold. The speech by Warsh at Jackson Hole is expected to provide cues on future policy moves. Gold prices have been volatile in recent days, influenced by factors such as US-Iran tensions and inflation expectations.
What is confirmed
- Gold prices are steady around $4600 per ounce.
- Gold fell 3.18% after testing $4700.
- A bullish EMA cross and support cluster are keeping $4855 in play.
- Gold prices face pressure due to the US Federal Reserve chair's hawkish outlook.
- US-Iran tensions have raised Fed rate hike bets.
Still unconfirmed
- Gold hitting $15,000 by December at 1.5% YES.
What to watch next
- Warsh's speech at Jackson Hole
- US Federal Reserve's monetary policy decisions
- US-Iran tensions
confidence 80%Sources used for this update (4)
- www.financemagnates.com — Gold Drops 3%, but Bullish EMA Cross Keeps $4900 Price Prediction Alive
- www.aap.com.au — Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.90 Million Tokens, and Total Crypto and Total Cash Holdings of $15.6 Billion
- timesofindia.indiatimes.com — Gold price prediction today: Will gold trade with bearish bias? Check September 1, 2026 outlook
- cryptobriefing.com — Gold holds decline as US-Iran tensions raise Fed rate hike bets
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Gold Prices Steady Ahead of Warsh's Jackson Hole Speech
Gold prices are steady around $4,600 per ounce as markets prepare for a speech by Warsh at Jackson Hole. The speech is expected to provide insights into the US monetary policy. Gold prices had ticked up on a weaker dollar but sank $70 after Warsh vowed 2% PCE inflation. Markets are now awaiting the speech for further cues.
Why it matters
The gold market is closely watching the Jackson Hole speech by Warsh for indications of future US monetary policy. A weaker dollar typically boosts gold prices, but Warsh's hawkish stance on inflation has caused gold prices to fluctuate. The speech is crucial in determining the near-term direction of gold prices.
What is confirmed
- Gold prices are around $4,600 per ounce.
- Warsh vowed 2% PCE inflation at Jackson Hole.
- Gold prices ticked up on a weaker dollar.
Still unconfirmed
- Goldman Sachs forecasts $4,900 per ounce by end-2026.
What to watch next
- Warsh's Jackson Hole speech
- US monetary policy updates
- Dollar fluctuations
confidence 80%Sources used for this update (14)
- www.sportingnews.com — Premier League Odds & Predictions 2026/27: Expert Betting Tips
- FXEmpire — Gold Price Forecast — A Brief Pullback Before Resuming Higher
- Reuters — Gold ticks up on weaker dollar, Warsh's Jackson Hole speech in focus
- BullionVault — Gold Sinks $70 as Warsh Vows 2% PCE Inflation at Jackson Hole
- Yahoo Finance — Gold prices today, Friday, August 28, 2026: Gold steady as markets prepare for Warsh speech
- FOREX.com — Gold Forecast: XAU/USD Stalls Around $4,600 Ahead of Jackson Hole
- Fortune — Current price of gold: Aug. 28, 2026
- CNBC — Gold ticks up; Warsh's Jackson Hole speech in focus
- fnarena.com — The Monday Report – 31 August 2026
- www.analyticsinsight.net — AI-Powered Gold Investment Apps: Can Technology Help You Decide When to Buy Gold?
- www.outlookbusiness.com — Gold Crosses $4,600: What Could Push Prices Past Goldman’s $4,900 Target?
- fnarena.com — Australian Broker Call *Extra* Edition – Aug 31, 2026