Will gold reach $6,000 this year? Experts weigh in on gold prices.

Gold has a reputation as a safe haven for investors. When the stock market fluctuates and inflation rises, investors often allocate more capital to precious metals like gold and silver.

With the war in Iran affecting oil prices and the stock market, along with ongoing issues in Europe and South America, gold is more popular than ever. In fact, gold’s price rose 64% in 2025.

But what comes next? Learn what drives gold prices, and what predictions experts have about future gold values.

• As of April 20, the price of gold (GC=F) surpassed $4,805 per troy ounce, according to GoldPrice.org.

• Some analysts believe the price could rise further due to geopolitical tensions and stock market volatility.

• Experts believe gold could reach $6,000 per ounce in 2026.

Gold prices are dependent on several factors, including:

Inflation, the change in prices of goods and services, is one of the most significant drivers behind gold prices. When inflation rates are high, our dollars don’t go as far as they used to, so we have less purchasing power. As a result, investors put more money into gold since its supply is finite. Gold prices tend to spike during periods of high inflation.

For example, in 2019, the inflation rate was under 2%, and the price of gold was about $1,392. Inflation skyrocketed, surpassing 9% in 2022. Gold prices also increased, reaching $1,800 per ounce — an increase of about 29%.

Geopolitical issues affect gold rates. Events like wars, higher tariffs, or trade disputes can trigger surges in gold prices. When the global economy is uncertain, investors turn to gold as a form of financial security.

Recessions, stock market fluctuations, and higher unemployment rates can make investors nervous about traditional banking and investment products. They often turn to gold as an alternative investment because it has historically held its value.