1. A $24B gold giant says the rally could last to 2030
VanEck, which manages the $24 billion gold miners ETF GDX, expects the current gold bull market to run all the way into 2030.
Even though gold prices surged more than 60% in 2025 amid inflation, tariffs and macro uncertainty, VanEck does not see this as the end of the move.
They argue that record central-bank gold buying and the return of Western investors are creating a structural floor under the gold market.
VanEck believes gold has the potential to climb toward $5,000 by 2030. Goldman Sachs also supports the bullish view, projecting that gold could reach $4,900 by the end of 2026.
👉 GoldKimp comment: Gold up 60% in a single year and they still see more upside. Both VanEck and Goldman Sachs are effectively betting on a long-term uptrend in gold.
2. Top trends for 2026: “If the AI bubble bursts, buy gold”
Nasdaq highlights several key trends that could drive the gold price in 2026: the Trump administration’s trade policy, continued central-bank demand, and the risk of an AI stock bubble bursting.
Bank of America forecasts that expanding U.S. fiscal deficits and unconventional macro policies could push gold above $5,000 in 2026.
Morgan Stanley (target $4,500) and Goldman Sachs ($4,900) are also calling for strong upside in gold. What stands out is the idea that if the AI tech bubble deflates, gold could become the best hedge in a post-bubble environment.
👉 GoldKimp comment: Major investment banks keep raising their gold targets. The “AI bubble hedge” narrative is emerging as a new reason to own gold.
3. 2026 gold price forecast: State Street sees a structural bull with a 30% chance of $5,000
State Street Global Advisors (SSGA), manager of the world’s largest gold ETF GLD, presents three scenarios for the 2026 gold market:
- Base case (50%) – Gold consolidates between $4,000 and $4,500, building a new range.
- Bull case (30%) – If geopolitical risks flare up or U.S. stagflation fears intensify, gold could break above $5,000.
- Bear case (20%) – If the dollar strengthens and global growth recovers, gold could pull back toward $3,500.
SSGA points to five structural drivers supporting a long-term gold bull cycle:
Fed easing, a global debt pile of over $340 trillion, changing stock/bond correlations, renewed ETF inflows and persistent central-bank buying.
👉 GoldKimp comment: This is arguably the most balanced take. The message is not “gold only goes up,” but rather “base case is consolidation around $4,000–4,500, with a meaningful chance of a spike to $5,000 if things go wrong.”
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