๐ Gold Price Outlook โ February 2026
โญ Near-term forecast range:
Expected trading zone: $4,300 โ $5,000+ per ounce
Most likely scenario: $4,600 โ $4,900 per ounce
Bullish breakout possibility: approaching $5,000 or slightly above if safe-haven demand stays strong. ๏ฟฝ
Libertex Europe +1
๐ Why this range?
Bullish drivers
Gold has surged above previous record levels driven by geopolitical uncertainty and a weaker dollar, nearing $4,988 per ounce recently. ๏ฟฝ
Reuters
Major banks (e.g., HSBC) forecast continued upward pressure with targets around $5,000 in 2026. ๏ฟฝ
Reuters
Central bank buying and safe-haven flows could sustain demand into early 2026. ๏ฟฝ
Reddit
Neutral/moderate scenario
Analysts modeling broader 2026 price action see goldโs first few months, including February, in a steady upward pattern, roughly between ~$4,369 โ $4,872 moving averages. ๏ฟฝ
Libertex Europe
Risk factors/volatility
If geopolitical tensions lessen or the dollar strengthens unexpectedly, gold could see more rangebound or choppy price action between $4,200 โ $4,700. ๏ฟฝ
EBC Financial Group
๐ฎ Summary Forecast for February 2026
Target Range:
๐ฐ $4,500 โ $4,900 per ounce (base case)
๐ Upside breakout: up to $5,000+ if momentum holds
๐ Downside risk: near $4,200 โ $4,300 on pullbacks
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