Analyst: Gold Can Still Reach 6,000 US Dollars Despite Sharp Correction

JAKARTA - Economic, currency, and commodities analyst Ibrahim Assuaibi believes that global gold prices this year still have the potential to break through the level of 5,000 to 6,000 US dollars per troy ounce, despite the sharp correction in recent times amid geopolitical tensions between Iran and the US. “I am optimistic that global gold prices in 2026 will break above the 6,000 US dollars per troy ounce level. Why? Because there are several factors influencing it,” said Ibrahim when contacted by ANTARA in Jakarta on Thursday (26/3/2026). Furthermore, Ibrahim explained a number of factors that will affect future gold price movements, from geopolitical conditions to global central bank policies. In addition, the direction of US Federal Reserve policies is also a concern, especially ahead of domestic political dynamics and leadership changes that could potentially affect interest rate policies. He also touched on trade war issues that have temporarily subsided from market attention because investors’ focus is still on the conflict in the Middle East. Beyond that, he highlighted factors of global precious metals demand and supply, including accumulations by central banks, which also influence gold prices.