Gold has lately been seeking support around 4,000 dollars per ounce, well below the peak of early 2026. The most striking thing is not even that cooling, but how thoroughly the big banks disagree about what comes next. For anyone considering selling old gold, that is confusing. We bring calm to the story.
Gold seeks support around 4,000 dollars
After the record rate of early 2026, gold cooled sharply. The price now hovers around 4,000 dollars, a level the market watches closely. The short-term pressure comes mainly from the oil price and inflation: as long as they stay high, the US central bank keeps rates firm, and that weighs on gold, which pays no interest of its own.
The big banks thoroughly disagree
Look at the latest forecasts and you mostly see division:
- TD Securities expects gold could first fall below 3,900 dollars this year, then recover towards 5,300 dollars by 2027.
- BMO lowered its forecast for the second half of the year to an average of around 4,625 dollars, but sees the price back above 5,000 dollars in early 2027.
- Other houses remain outspokenly positive and see gold climbing further over the longer term.
The common thread? In the short term no one dares say for certain, and over the longer term most stay positive. But the exact road there, no one knows.
What does that say about forecasts?
Mainly this: a forecast is not a fact. If the world’s biggest banks, with whole teams of analysts, arrive at such divergent figures, that is a sign of honest uncertainty. Forecasts are useful as context, not as a promise. Anyone who bases a decision entirely on one forecast is taking a gamble.
What does this mean for your sale?
The practical conclusion is reassuring. You do not have to beat the market and you cannot time the top, because even the pros cannot. Two things do stay certain:
- Your gold is, despite the cooling, still worth far more than a few years ago.
- What you control is not tomorrow’s rate, but today’s transparency. An honest buyer shows you the fineness, the weight and the price per gram of pure gold.
With that figure in hand, you decide at your own pace, whether you sell or wait a while longer.
Our advice
Have your gold valued without obligation, so you know what it is worth in concrete terms today. Not to push you towards anything, but so you make an informed choice, regardless of what one analyst or another predicts.