Saxo Analyst Sees Gold Trading Above $5,000 Next Year
According to Market Talk, Saxo's Ole Hansen says gold could trade between $5,000 and $5,500 next year, with central bank buying and inflation risks in view.
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what happened
Ole Hansen, head of commodity strategy at Saxo, said gold could trade at around $5,000 to $5,500 next year. He made the comments at a media briefing, according to Market Talk.
Over the longer term, Hansen said gold could climb further, because central banks have not finished accumulating the metal, and that process will take time. He named $4,000 as a key support level this year, adding that it may not hold if energy prices escalate and the inflation outlook worsens. If prices stay above $4,000, he said gold could approach $4,500 by year-end.
Hansen also argued that gold still works as a store of value that beats inflation over time, and that it is "good to have on a rainy day" when something goes wrong elsewhere.
why it matters
The analyst's forecast is not a market event in itself, but it shows what traders are watching: inflation risks, central bank purchases and demand for safe-haven assets. Investors often compare levels like $4,000 and $4,500 with current prices, so they can shape sentiment around the metal.
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sources
- Gold Seen Breaching $5,000 Next Year — Market Talk, 29 October 2026 at 08:35 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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