Gold’s Pullback Fails to Shake Bullishness With $5,000 Forecast

Gold’s slump over the past week, following a blistering rally, hasn’t dented the optimism over its longer-term prospects, as central banks and investors signal continued demand.

At the London Bullion Market Association conference in Kyoto — the industry’s biggest annual gathering — sector representatives forecast bullion near $5,000 an ounce by next year’s meeting on Oct. 5, 2026. The survey, based on 106 responses, projects prices at $4,980.30, about 27% above current levels.