Gold forecasts are being raised

Advertisement/Advertising – This article is distributed on behalf of Osisko Development Corp. and Gold X2 Mining Inc., with whom SRC swiss resource capital AG has paid IR advisory agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: 14.10.2025, 5:15 p.m. Zurich/Berlin

Since the price of gold surpassed the US$4,000-mark, major banks and analysts have been raising their price forecasts. Goldman Sachs has raised its target price for the yellow metal to US$4,900 per ounce by the end of 2026. This is justified by rising Western investment and the continuing appetite for gold among central banks. Previously, the price target was US$4,300 per ounce.

BMO now forecasts an average gold price of US$4,400 per ounce for 2026, 26 percent higher than in its previous forecast. BMO also points to demand from central banks and the easing of monetary policy by the US Federal Reserve. Analysts at Goldman Sachs expect central banks to increase their gold reserves, as does the World Gold Council.

This is because the risks associated with US assets remain high. Western investors have been holding back for a long time. In the first half of the year, Americans sold bars and coins and took profits. Now, however, there are strong inflows of gold into gold-backed exchange-traded funds. Western investors invested US$64 billion in gold ETFs up to and including September 2025.

The situation in Asia in the first half of the year was different from that in the US. Demand for bars and coins soared by 44 per cent. Another driver for the gold price is seen in the US shutdown, as it brings the immense and unstoppable US national debt into focus.

Incidentally, it is the major changes in the financial and geopolitical system that have made and continue to make gold so attractive. Incidentally, not only gold prices but also silver prices are being revised upwards.

Gold X2 Mining - https://www.commodity-tv.com/ondemand/companies/profil/gold-x2-mining-inc/ - owns the advanced Moss Gold Project in Ontario. Wholly owned, the project is equipped with excellent infrastructure and boasts very good drilling results.

Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/- owns the Cariboo Gold (Canada, 100 percent), San Antonio (Mexico), and Tintic (US) projects. Production at Cariboo (approximately 190,000 ounces of gold per year over ten years) is scheduled to start in 2027.

Current company information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -) and Gold X2 Mining (- https://www.resource-capital.ch/en/companies/gold-x2-mining-inc/ -).

Sources:

https://www.kitco.com/news/article/2025-09-30/gold-going-mainstream-above-4000-investors-hedge-against-rising-sovereign;

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