---
title: "The author of \"Currency Wars\" predicts that gold prices may soar to $10,000 in 2026 due to three major factors driving the rise in gold prices"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270827775.md"
description: "Legendary economist and author of \"Currency Wars,\" Jim Rickards, predicts that gold prices could soar to $10,000 per ounce by 2026, while silver prices may rise to $200. He points out that the three main factors driving the bull market in precious metals are: increased gold purchases by central banks, rising demand from institutional investors, and an increase in demand for geopolitical risk avoidance. Additionally, the structural imbalance between the paper metal market and the physical metal market may also drive prices up. Rickards emphasizes that the rising demand for physical delivery will change the market landscape"
datetime: "2025-12-26T07:10:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270827775.md)
  - [en](https://longbridge.com/en/news/270827775.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270827775.md)
---

# The author of "Currency Wars" predicts that gold prices may soar to $10,000 in 2026 due to three major factors driving the rise in gold prices

According to reports from domestic media, legendary economist, financial analyst, and bestselling author of "Currency Wars," Jim Rickards, recently shared his views on the outlook for the precious metals market, predicting an "explosive" performance for gold and silver in 2026. Rickards stated that he would not be surprised if gold prices reached $10,000 per ounce and silver prices rose to $200.

## Geopolitical Risks Affecting Gold Demand

Rickards pointed out that the factors driving the bull market in precious metals mainly include three aspects: first, the continuous demand for gold accumulation by central banks and relatively stagnant supply; second, the rising demand from institutional investors, including sovereign wealth funds and endowment funds; and third, the increased demand for hedging against geopolitical risks.

Regarding geopolitical factors, Rickards specifically mentioned that Europe's attempts to seize Russian assets may be impacting gold demand. He explained, "If you are Saudi Arabia, Japan, or Brazil, or any major holder of U.S. Treasury bonds, you see these situations and think: 'What if the U.S. doesn't like something I do? Maybe I should diversify some of my assets into gold.'"

## Physical Delivery May Become a Market Catalyst

Rickards also believes that the future rise of precious metals may exceed most investors' expectations. He pointed out that there is a structural imbalance between the paper metal market and the physical metal market, with the scale of paper gold and paper silver being as high as 100:1 relative to physical supply, creating conditions for significant price increases. He noted that as long as investors continue to roll over contracts without demanding physical delivery, the market can operate normally. However, he warned that once physical demand rises, the situation will change immediately; as soon as a portion of the market demands physical delivery, commodity exchanges and custodians will not be able to provide enough physical assets to meet the demand.

Rickards stated that although he previously predicted that gold prices would rise to $5,000 by the end of 2026, recent market trends have led him to reassess this target. He now believes that the scenario of gold prices reaching $10,000 before the end of 2026 is not impossible

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