Investigation: Although the situation in the Middle East has caused some ups and downs in the prospects of gold, the price of gold is still expected to regain a broad upward trend.

A survey released by Reuters on Monday showed that analysts have raised their annual gold price forecasts. Despite risks such as rising inflation due to Middle East conflicts and expectations of hawkish policies, strong demand from central banks and economic uncertainties in various countries are expected to offset these impacts. The survey indicated that once tensions ease, gold will see a broader uptrend. Over the past three weeks, a survey of 31 analysts and traders revealed a median forecast of $4,916 per troy ounce for the price of gold in 2026, which is the highest annual forecast value since 2012 and higher than the $4,746.50 forecast three months ago. A similar survey a year ago showed an average forecast price of only $3,000 for 2026. Analysts believe that factors driving the price of gold - including strong central bank buying demand, concerns about the independence of the Federal Reserve, rising US debt, and currency depreciation - will continue to support gold as a safe haven asset in 2026. As for silver, analysts expect an average price of $78 per ounce in 2026, lower than the $79.50 forecast three months ago.