Live Gold Price Tracker & 2026 Bank Forecasts

Spot Gold — XAU / USD · Live

$4,614

Per troy ounce

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2026 High

$5,602

Jan 28 2026

YTD Gain

+5%

vs Jan 1 2026

Lowest Target

$5,000

BofA · HSBC · 2026

Highest Target

$6,300

J.P. Morgan · Dec 2026

The Journey — Where Gold Is vs Where Banks Say It's Going

Live spot shown on each track. Gold dot = today. Diamond = bank target. Sorted lowest → highest upside.

Deutsche Bank — The $14,000 Scenario

Source: Deutsche Bank AG · Bloomberg Finance LP · 40% gold allocation assumed

Reserve System Repricing

Not a prediction. An equation.

Deutsche Bank simulated gold price outcomes across a range of EM FX reserve scenarios, assuming central banks target 40% gold allocation. Even in a declining reserve environment the implied price is extraordinary. In the bull case — $10 trillion in reserves at 40% gold — the number is $14,000. That figure sits in a Deutsche Bank research note. Not a Reddit thread. Not a gold forum. Deutsche Bank.

The next step

If the thesis is right, own the asset.
Not the wrapper.

Royal Mint Britannias & Sovereigns — CGT exempt · VAT free · No counterparty · No annual fee
An ETF tracks gold. A Britannia is gold.

Reserve Your Place — 1 July → Free 2026 Report

This page is for educational and informational purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell any asset. All bank forecasts and price targets are sourced from publicly available institutional research and are subject to change. Gold prices are indicative and sourced from third-party data providers. Past performance is not a reliable indicator of future results. Tax treatment depends on individual circumstances — always seek independent advice. Take Markets Ltd — Company No. 14398240.