Gold Prices to Soar by 2026: Brokerages Predict New Highs Up to $6,600

• Major global brokerages Jefferies, Yardeni Group, and UBS forecast significant gold price increases by 2026.
• Jefferies projects the most aggressive estimate, with gold potentially reaching $6,600 per ounce due to limited supply, rising demand, a weak dollar, and ongoing geopolitical tensions.
• Yardeni Group estimates gold at $6,000, citing continued investor demand for safe havens in an unstable global environment.
• UBS, with a more conservative but strong outlook, forecasts gold at $5,400, driven by demand, interest rate cuts, and central bank buying.
• The consensus suggests a low probability of a major decline and a high potential for new record highs, impacting Indian gold prices and investments in jewelry, digital gold, and ETFs.

Why It Matters: Global brokerages predict gold prices will reach new highs by 2026, driven by demand and geopolitical factors.