Economist Mohamed El-Erian: Gold Could Reach $6,000 per Ounce in 2026 Amid Exceptional Pricing Phase

Washington | EcoPulse24

Economist Mohamed El-Erian sees the gold market entering a new phase of exceptional pricing in 2026, after the precious metal surpassed the $5,000 per ounce mark earlier than previously anticipated. El-Erian explained that this level was expected by the end of 2025, but accelerating economic and financial risks propelled gold prices higher ahead of schedule.

In comments published on the X platform, El-Erian indicated that the next potential milestone for gold this year could be $6,000 per ounce. He noted that the coming period may witness significant price volatility, with markets becoming increasingly sensitive to unexpected economic and geopolitical developments.

These expectations coincide with gold recording a new all-time high, exceeding $5,100 per ounce, fueled by rising demand for safe-haven assets amid uncertainty surrounding monetary policies, geopolitical risks, and fluctuating confidence in traditional financial assets.

Recent gold movements are seen as reflecting a broader repricing of global economic risks, with growing concerns over financial sustainability, expanding political tensions, and mounting doubts about the future path of interest rates and the purchasing power of major currencies.

EcoPulse24 Analysis:
El-Erian’s assessment suggests gold is no longer just a traditional hedge, but a direct mirror of global financial system imbalances. Reaching unprecedented levels opens the door to rapid rallies, although accompanied by sharp fluctuations. This dynamic reflects a struggle between long-term hedging demand and short-term speculation. If geopolitical and financial uncertainty persists, gold is likely to retain its pivotal role, albeit along a more turbulent path in 2026.