$XAU/USD(XAUUSD.FOREX)$ rises to a fresh all-time high near $4,500, marking roughly the 50th record break this year and positioning both gold and silver for their strongest annual performance in more than four decades. $Silver - main 2603(SImain)$ passes $70!
The latest surge has been driven by renewed bets that the Federal Reserve will deliver two rate cuts in 2026, alongside heightened geopolitical risk, with major banks including Goldman Sachs arguing that structural support for gold remains intact into next year.
While the U.S. dollar has remained superficially stable during the surge in metals prices, this does not necessarily contradict the broader “currency debasement” narrative taking shape beneath the surface.
Since the Federal Reserve’s Jackson Hole meeting in August, precious metals have moved sharply higher in a short period of time.
Silver has surged 76%, palladium is up 65%, and platinum has gained 45% over roughly four months, while gold—often seen as the primary hedge—has lagged with a still-significant 30% increase.
The synchronized rise across gold, silver, platinum, and palladium has reinforced the view that this is a systemic trade rather than an isolated commodity move.
The idea of currency debasement has re-entered market discussions as U.S. federal debt continues to expand, recently reaching $38.5 trillion and growing at an annual pace of around $3 trillion.
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Will gold hit $5000 in 2026?
Would you trade stock futures, etfs or leveraged etfs?
Leave your comments to win tiger coins~
Comments
I see gold reaching $5,000 in 2026 as realistic if rate cuts materialize and real yields stay pressured. Gold has lagged silver and other precious metals since Jackson Hole, suggesting it may still have room to catch up as the macro narrative becomes more widely accepted.
For positioning, I would favor ETFs over futures or leveraged ETFs. Futures require precise timing, while leveraged ETFs suffer from decay. Physical-backed ETFs and selective miners allow me to participate in the long-term metals cycle without excessive trading risk.
@Tiger_comments @TigerStars @TigerClub
It is possible, but not the base case. At around USD 4,500, gold already reflects expectations of Fed rate cuts, sustained central bank buying, fiscal imbalances, and geopolitical risk. A move to USD 5,000 likely requires an additional catalyst, such as a sharper US slowdown, deeper-than-expected easing, renewed inflation pressure, or a major geopolitical escalation. In a soft-landing scenario with stable growth and a firm US dollar, consolidation below USD 5,000 is more probable than a clean breakout.
Futures, ETFs or leveraged ETFs?
• ETFs are best for most investors, offering simple, long-term exposure without leverage decay.
• Futures suit experienced traders who can manage volatility and margin risk.
• Leveraged ETFs are strictly short-term trading tools due to compounding decay.
Conclusion
USD 5,000 is an upside scenario, not a certainty. Unleveraged ETFs provide the most sensible risk-adjusted exposure for most participants.