---
title: "TABLE-Commerzbank raises 2026 year-end gold forecast to $4,900/oz"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/272416899.md"
datetime: "2026-01-13T13:09:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272416899.md)
  - [en](https://longbridge.com/en/news/272416899.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272416899.md)
---

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# TABLE-Commerzbank raises 2026 year-end gold forecast to $4,900/oz

Jan 13 (Reuters) - Commerzbank raised its gold price forecast to $4,900 by the end of this year on Tuesday, citing increased safe-haven demand.

Gold prices (XAU=) this week hit a record high of $4,629.94, as geopolitical tensions and the U.S. administration’s threats to the Federal Reserve chair have driven buying.

Citi had raised its base case zero to three-month target for gold to $5,000 an ounce on Monday.

Following is a list of analysts’ latest gold price forecasts (in $ per ounce):

Brokerage/A Annual Price Price Forecast as

gency Forecast Targets of

2026

Morgan $4,400 $4,500 by October 31,

Stanley mid-2026 2025

Citi $5,000 Raises 0-3 January 13,

Research month price 2026

target to

$5,000

JP Morgan $4,753 Expects October 23,

prices 2025

reaching an

average of

$5,055/oz

by 4Q26

HSBC $4,587 $4,450 per January 8,

ounce by 2026

year-end

2026

ANZ $4,445 $4,400 by October 16,

year-end 2025

and $4,600

by June

2026

Bank of $4,438 2026 gold October 13,

America outlook 2025

raised to

$5,000

Societe $4,716 $5,000 by October 13,

Generale the end of 2025

2026

Standard $4,488 - October 13,

Chartered 2025

Goldman $4,525 $4,900 by October 7,

Sachs December 2025

2026

Commerzbank $4900 $4,800 by January 13,

-   mid-2026 2026

Deutsche $4,450 Yearly November 26,

Bank range from 2025

$3,950-$4,9

50/oz in

2026

UBS $3,825 Decline in October 16,

real rates, 2025

potentially

into

negative

territory,

could push

gold

towards

$4,700

\*end-of-period forecasts

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