Gold Could Hit $5,000 by 2026 as High Inflation Sustains Demand
Updated
Updated · CBS New York · Jun 11
Gold Could Hit $5,000 by 2026 as High Inflation Sustains Demand
3 articles · Updated · CBS New York · Jun 11
Summary
$5,000 an ounce is a plausible end-2026 gold price if U.S. inflation stays elevated, with Midas Funds' Thomas Winmill projecting roughly 10% upside from current levels.
High inflation tends to lift demand for gold as a store of value, experts said, especially among investors seeking protection from weaker currencies, declining real returns and pressure on financial assets.
Federal Reserve rate hikes remain the main risk to that outlook because higher yields can pull money into interest-bearing assets, even though gold has risen during past tightening cycles.
Easing inflation could cool some hedging demand and push prices lower, but experts said central-bank buying, geopolitical risk, heavy government debt and de-dollarization should keep gold historically elevated.
Gold has swung sharply in 2026 after repeated records in 2025, trading around a $4,300-per-ounce range as war-driven gas prices, high rates and fresh inflation data added volatility.