Is Gold on the Way to Another New High?

I asked where gold was heading in 2026 in a January 6, 2026, Barchart article. I concluded with the following:

Many analysts who did not see gold’s 65.9% 2025 rally are now calling for prices to rise to $5,000 in 2026. Meanwhile, continued uncertainty in the economic and geopolitical landscapes could push prices much higher. I remain bullish on gold’s prospects for the coming year, but buying on pullbacks rather than on rallies has been optimal for over two and a half decades. I expect that trend to continue in 2026.  

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