Wall Street Banks Predict Gold at $6,000+ by 2026: Russians Buy Fast
Wall Street's biggest banks have set their boldest gold targets for 2026. JPMorgan forecasts $6,300 per ounce, Deutsche Bank $6,000, Goldman Sachs $5,400, and UBS $5,900. Gold currently trades near $4,548, down 16% from its January record high, but analysts view the pullback as a buying opportunity in a structural bull market. Russian investors are moving fast, with the Moscow Exchange reporting gold trading volume of 42.6 tonnes in March 2026, 3.5 times higher than a year ago. Monetary volume rose fivefold to 534.4 billion rubles ($7.1 billion). Five main ways to buy include unallocated metal accounts (OMS), brokerage instruments like GLDRUB_TOM, exchange-traded funds, gold-mining stocks, and digital financial assets. Experts recommend diversification across formats. However, risks include U.S. inflation at 3.8% pushing back Fed rate cuts, India raising gold import tariffs to 15%, and Russia's central bank selling 22 tonnes in 2026 to plug budget gaps. Retail demand continues rising despite these headwinds.
Key facts
- JPMorgan forecasts gold at $6,300/oz by end-2026; Deutsche Bank at $6,000.
- Gold trades near $4,548, down 16% from January record high.
- Moscow Exchange gold volume hit 42.6 tonnes in March 2026, up 3.5x YoY.
- Five ways to buy: OMS, brokerage, ETFs, mining stocks, digital assets.
- Risks: US inflation at 3.8%, India tariff hike, Russian central bank selling.