Will gold continue to rise in 2568-2569? Wall Street's new target of $4,900

Will gold go higher? This is the question investors worldwide have been asking throughout late 2025, as gold prices recently broke above $4,000 per ounce just 2-3 months ago. Now, with prices holding higher, many wonder if this is the peak or if gold will continue to rise further. Let’s hear what global experts are saying.

What do Wall Street experts think: Still climbing higher!

First, good news for gold holders: major global financial institutions are very bullish on gold. They don’t see $4,000 as the end point but just the beginning of an upward journey.

Goldman Sachs: Expecting $4,900 ahead

Analysts at this firm have raised their gold price target to $4,900 per ounce by the end of 2026, up from the previous target of $4,300. This adds $600 per ounce to hopes. The main reasons are that central banks worldwide continue to buy gold, and gold ETFs are flowing in steadily. Notably, these central banks accumulated over 1,200 tons of gold in 2025 alone, bringing global gold reserves to 36,699 tons — the highest in decades.

UBS: First to announce the news

This Swiss giant bank believes that $3,500 has already been reached and the rally could continue. The reason lies in central bank gold accumulation, a phenomenon never seen before. Diversifying away from the US dollar is the biggest driving force.

In Thailand: Could see 75,000-80,000 Baht?

Based on Wall Street’s $4,900 target, 96.5% gold bars in Thailand could approach 75,000-80,000 Baht by 2026. Currently, gold prices are tracking this forecast. Profit-taking might occur along the way, but the overall trend remains upward.

Reasons why gold will continue to rise: 4 strong fundamentals

Deepening the analysis, gold prices are not random phenomena. What are the roots of this upward trend?

1. Ongoing trade war

Tensions between the US and China are escalating. President Trump announced a 100% tariff increase on Chinese goods starting November 1, 2025. This is a full-blown trade war. When the economy becomes uncertain, investors turn to gold as a safe haven.

2. Continuous decline in interest rates

The Fed has already started cutting rates, reducing by 0.25% in September 2025, with further cuts expected in October and December. As rates fall, the dollar weakens. Gold priced in other currencies becomes cheaper, boosting demand. This is a well-known fundamental mechanism among investors.

3. Heavy gold accumulation by foreign central banks

This is the most critical factor. Central banks from emerging economies like (Russia, China, India, etc.) have net purchased over 1,000 tons of gold annually for three consecutive years (2023-2025) and continued buying in 2025. The reason is De-dollarization — reducing reliance on the US dollar, especially after the 2022 Russian asset freeze. Countries are wary and are divesting dollar holdings.

4. BRICS preparing to launch a new gold-backed currency

One rumor suggests that BRICS is developing a digital currency backed by gold, to be used as an exchange rate among member countries. If true, this challenges the US dollar significantly and would greatly increase gold’s importance.

Risks that could divert the plan: Be aware of these!

Before fully investing in gold, know that there are 4 factors that could unexpectedly push prices down.

US-China negotiations might succeed

If the US and China sit down and signal positive progress, gold prices could reverse immediately. The main reason for the rally is tension; good news about peace would lead to lower gold prices.

Heavy profit-taking

After rapid gains, especially over 8 weeks, investors might start selling to lock in profits, causing prices to fall. This is especially true if RSI indicates overbought conditions (Overbought).

US dollar recovery

If the US economy outperforms expectations and the Fed pauses rate cuts, the dollar will strengthen. This makes gold more expensive for foreign buyers, reducing demand.

Inflation remains sticky

If inflation persists after the Fed’s rate hikes, and rates stay high longer than expected, gold could be negatively affected because high interest rates make holding gold less attractive.

Optimal trading strategies: 3 methods

How should you buy or sell gold now?

Method 1: Wait for a correction then buy the dip (Buy the Dip)

Since prices have risen quickly, wait for a pullback, e.g., to $3,859 or deeper to $3,782. Once the price stops falling and confirms with technical signals (RSI near 50 or MACD showing recovery), you can buy with a stop-loss below the major support level (around $3,750), and wait for new highs.

Method 2: Test the previous resistance (Breakout Retest)

Gold just broke above $4,000. Now, $4,000 becomes the new support level. Wait for a pullback to $3,980–$4,000. If buying interest emerges and prices bounce back, it indicates strong support. Enter here. Profit target = previous high ($4,059) or higher at $4,100.

Method 3: Use Fibonacci retracement (Fibonacci Retracement)

Look back at the price movement from an old point (like $3,500) to the recent high ($4,059). Draw Fibonacci levels between these points. Key buy zones are at 38.2% or 61.8% retracement levels. When prices approach these levels and show reversal signals, it’s a good entry point.

Summary: Will gold go higher? The answer is “Yes,” but patience is needed.

Will gold rise further? According to major global banks, yes. The trend is upward. The 2026 target is $4,900, which translates to about 75,000–80,000 Baht for Thai gold prices. The fundamental factors (trade war, rate cuts, central bank accumulation) all point to an upward trend.

However, this doesn’t mean you can just buy and sleep peacefully. The market can be volatile — prices may fluctuate sharply, with sudden drops, profit-taking, or FOMO buying. Market sensitivity remains high.

Protection tips:

• Don’t buy with all borrowed money (Leverage caution!)
• Use Stop Loss to prevent unexpected losses
• Avoid buying at the peak; wait for a slight correction
• Follow Fed news and CPI data (inflation) to boost confidence

That’s why gold still has a chance to go higher, but timing entries/exits, risk management, and patience are the keys to successful gold investment in 2026-2027.