Countdown to the $5,000 gold mark begins; Canadian authorities predict that after reaching its peak, jewelry demand will regain the pricing leadership.
- The Export Development Canada (EDC) Spring Outlook Report made a significant quantitative forecast: after the average annual gold price records $3,435 per ounce in 2025, strong safe-haven demand will continue to push gold prices higher in 2026, with the average annual price expected to approach $4,990 per ounce.
- The institution clearly anticipates that gold prices will reach the peak of this cycle in 2026; thereafter, as uncertainty gradually subsides and high prices naturally suppress physical demand, the average annual price in 2027 is projected to progressively fall back to around $4,689 per ounce.
- The structural shift in gold's role constitutes the core of the long-term narrative. The report points out that, over time, jewelry demand will gradually regain its historical status as the main source of traditional gold demand, while the investment-driven price volatility that currently dominates pricing is expected to diminish significantly.
- At present, support for high gold prices is still firmly anchored in strong system-wide safe-haven demand triggered by geopolitical conflicts, yet as the $5,000 psychological threshold approaches, the market is intensifying its calculations on the tipping point for the negative feedback effect of high prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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