Commerzbank Announced Its Gold Price Forecast for 2026
The price of gold per ounce had nearly reached $4,200 last month, causing the price of a gram of gold in Turkey to escalate to around 6,000 lira. Due to this swift surge in gold prices, the demand for gold had become so high that finding a gram of gold in the Grand Bazaar had become a challenging task. However, the subsequent decline in the price of gold per ounce led to a wave of disappointment among investors. Commerzbank, one of Germany's leading banks, has recently released its new forecast for gold prices in 2026. The bank announced that the price of gold per ounce could potentially return to the $4,200 mark.
Following the decline from the peak in gold prices, citizens who have invested in gold are curious about the trajectory of the precious metal.
According to a report from Dünya, the German bank Commerzbank has brought joy to gold investors with its new gold price predictions for 2026. The bank maintains its expectation for a rise in precious metals, particularly forecasting that the price per ounce of gold could reach $4,200 by the end of next year.
Should the final price of gold reach $4,200, the price per gram of gold in Turkey will also exceed 6,000 lira.
What will happen to silver prices?
Commerzbank has projected that silver, currently trading at 51 dollars per ounce, will close out the year 2026 at 50 dollars. Moreover, the bank anticipates that platinum will reach a level of 1,700 dollars, while palladium is expected to hit the 1,400 dollar mark.
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