Gold prices could climb to as high as $6,300 per ounce by the end of 2027, according to forecasts from major global financial institutions as the commodity witnessed decline in recent sessions.
J.P. Morgan has set the most optimistic target among the listed institutions, forecasting gold prices to reach $6,300 per ounce by the fourth quarter or year-end 2027. The bank cites geopolitical tensions and expected monetary easing as key factors behind its outlook.
UBS expects gold to reach $5,400 per ounce by September 2027, pointing to diversification of sovereign reserves and elevated government debt as major drivers.
Wells Fargo has projected gold prices in the range of $5,200 to $5,400 per ounce by the end of 2027, supported by a broader recovery in allocations to real assets.
Meanwhile, Bank of America expects gold to average $4,813 per ounce in 2027, with steady institutional demand likely to offset pressure from interest rates during the early part of the year.
Goldman Sachs has forecast prices to reach $4,800 per ounce by the end of 2027, revising its previous target of $5,400. Its outlook is based on central bank purchases of around 60 tonnes per month and expected Federal Reserve rate cuts in late 2027.
A Reuters analyst poll, based on the median forecasts of 30 market analysts, puts the average gold price at $4,650 per ounce in 2027. The consensus reflects a balance between potential pressure from interest rates and continued demand for physical gold.
The forecasts indicate varying expectations among major financial institutions, with price targets ranging from an annual average of $4,650 to a year-end projection of $6,300 per ounce in 2027.
