According to the World Gold Council, gold experienced an impressive 2025, reaching more than 50 historical highs, with a return of over 60%. This performance was supported by a combination of increased geopolitical and economic uncertainty, a weaker dollar, and positive price momentum. Investors and central banks have increased their allocation of gold, seeking diversification and stability. Looking ahead to 2026, geo-economic uncertainty will affect the outlook for gold. The price of gold generally reflects macroeconomic consensus expectations. If the current situation continues, the price of gold may remain fluctuating in the range. However, judging from this year's situation, 2026 is likely to continue to be surprising. If economic growth slows down and interest rates fall further, gold may rise moderately. Gold is likely to perform strongly during a period of more severe economic downturn characterized by rising global risk. Conversely, if the policies enacted by the Trump administration are successful, they will accelerate economic growth, reduce geopolitical risks, and lead to higher interest rates and a stronger dollar, thereby driving down the price of gold. Other factors, such as central bank demand and gold recycling trends, may also affect the market. Most importantly, as the market continues to fluctuate, the role of gold as a diversified and stable source of investment portfolios remains critical.

According to the World Gold Council, gold experienced an impressive 2025, reaching more than 50 historical highs, with a return of over 60%. This performance was supported by a combination of increased geopolitical and economic uncertainty, a weaker dollar, and positive price momentum. Investors and central banks have increased their allocation of gold, seeking diversification and stability. Looking ahead to 2026, geo-economic uncertainty will affect the outlook for gold. The price of gold generally reflects macroeconomic consensus expectations. If the current situation continues, the price of gold may remain fluctuating in the range. However, judging from this year's situation, 2026 is likely to continue to be surprising. If economic growth slows down and interest rates fall further, gold may rise moderately. Gold is likely to perform strongly during a period of more severe economic downturn characterized by rising global risk. Conversely, if the policies enacted by the Trump administration are successful, they will accelerate economic growth, reduce geopolitical risks, and lead to higher interest rates and a stronger dollar, thereby driving down the price of gold. Other factors, such as central bank demand and gold recycling trends, may also affect the market. Most importantly, as the market continues to fluctuate, the role of gold as a diversified and stable source of investment portfolios remains critical.