Gold XAU/USD
2026 Projections · 12 Banks
Gold Bank Consensus 2026
The cross-firm year-end XAU/USD consensus from 12 institutional research desks — median target, full range, and the split of bullish vs bearish desks.
Bank Consensus
3,550 $/oz
LBMA 2026 Annual Forecast Survey (n=28, range $4000–$6050)
4,742 $/oz
Low
2,950 $/oz
Average
3,924 $/oz
Median
3,550 $/oz
High
5,243 $/oz
9 of 12 desks are bullish on gold, 1 bearish, 2 neutral.
Target Distribution
| Year-end target range ($/oz) | Desks |
|---|---|
| $2,800–2,999 | 1 |
| $3,000–3,199 | 1 |
| $3,200–3,399 | 2 |
| $3,400–3,599 | 2 |
| $3,600–3,799 | 1 |
| $3,800–3,999 | 1 |
| $4,800–4,999 | 1 |
| $5,000–5,199 | 2 |
| $5,200–5,399 | 1 |
All Firm Projections
See every desk's named year-end target, bull/bear case & quarterly path from all 12 desks
The cross-firm consensus above is free. Per-firm attribution — which desk targets what, and its quarterly path — is part of the paid tier.
FX BANK FORECAST · COVERAGE
Institutional FX coverage in your inbox
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.