Gold price is now the latest market rage, as the asset continues to break new records each day. The gold price has now surged massively over the year, topping charts while scaling the ambitious $4500 mark. Analysts continue to forecast bullish gold price calls, adding how there’s enough fuel left for gold to rally further in 2026.

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Gold Price Run: Status Update for 2026

According to Rashad Hajiyev, a notable finance expert, gold has recently broken out of a triangle setup and is now steadily aiming to hit new highs. This breakup has already led the gold price to rise by 6% till now, displaying more opportunities for the asset to bank on. In addition to this, gold’s precious breakout resulted in the asset rallying 30% in a span of 51 days.

Hajiyev later adds how the asset may easily break the top $5K spot, hitting $5.7K by March or April 2026 if it continues to rally and move at its current speed and momentum.

However, Hajiyev also predicts a brief January shakeout, a temporary consolidation, that may tip the gold price down before helping it soar later.

“Gold broke out from a symmetrical triangle on December 11th and so far gained 6% on day 12. The previous breakout in the last days of August resulted in a 30% run within 51 days. Assuming that gold could run anywhere from 25% to 35%, it could top around $5.3k – 5.7k potentially by March or April 2026. However, I believe that gold is going to enter a consolidation/correction from mid-January to late February 2026 once it reaches $4.7-4.8k early next month. So far this is my personal game plan. Posts are not investment advice…”

The Asset’s Price Continues To Bank on Rising Geopolitical Uncertainty

Per a recent report by the Financial Times, gold continues to rise, leveraging the current geopolitical tensions as its main driver, fueling its rally.

“It’s a reminder that geopolitical and debasement worries have the same hedge—gold,” said Arun Sai, senior multi-asset strategist at Pictet Asset Management. “Debasement” refers to the theory that precious metals, such as gold, are a hedge against the eroding value of traditional currencies such as the dollar.”

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