Last Updated on January 27, 2026 by Deon
If you thought gold’s run in 2025 was just a lucky streak, think again. The precious metal is officially the talk of the town after smashing past the $5,100 mark this January. But the real headline isn’t just the current price—it’s how quickly the “big banks” are scrambling to update their forecasts.
TD Securities just dropped a bombshell, significantly hiking their 2026 outlook. Here’s the breakdown of why they think gold is nowhere near its ceiling.
A Massive $600 Jump in Expectations
In the world of finance, banks usually move their targets by a few dollars at a time. TD Securities just moved theirs by a mile. They’ve raised their average 2026 forecast to $4,831 per ounce—that is a whopping $619 higher than what they were saying just a short while ago.
Even more eye-opening? They believe gold could potentially spike to $5,400 in the first half of 2026. While prices might settle a bit after such a peak, predicting a number that high shows they expect some serious fireworks in the coming months.
It’s a “Commodity Party
“Gold isn’t the only guest at this party. TD Securities has turned “bullish” (optimistic) across the entire board. They are predicting a strong year for:
- Silver & Platinum: Often following gold’s lead, these metals are seeing a surge in investor interest.
- Copper & Aluminium: Essential for tech and green energy, these industrial metals are riding the wave of high demand.
- Natural Gas: The energy sector is also showing signs of a price breakout.
Why is Everyone Rushing to Buy?
You might be wondering: “Why is a yellow metal from the ground suddenly worth so much more?” It boils down to a few very human reasons:
- Global “Nerves”: Between the ongoing Russia-Ukraine conflict and the diplomatic friction over Greenland, the world feels a bit shaky. When people are worried about the future, they buy gold because it’s a tangible asset that has held value for centuries.
- Central Banks are Hoarding: Countries like China, India, and Poland aren’t just watching from the sidelines—they are buying gold in massive quantities. They want to diversify their reserves so they aren’t solely reliant on the US Dollar.
- The Dollar’s Identity Crisis: With constant talk of new tariffs and shifting trade policies in the US, the dollar has lost some of its “invincible” feel. As the dollar slips, gold naturally climbs.
The Bottom Line
When a major institution like TD Securities raises a forecast by over $600, it’s a signal that the “floor” of the market has shifted. We are no longer in an era where $2,000 gold is considered expensive. We are entering a new reality where $5,000 might just be the new normal.
There will always be ups and downs, but for now, the momentum is clearly pointing toward the moon.
