According to World Bank data, the global gold price trend has increased significantly this year.
As of November 2025, the average price of 99.5% gold (fine gold) London Fix Afternoon Price has reached US$4,087 per troy ounce.
Its price increased by 54% compared to November last year (year-on-year/yoy), simultaneously setting a new record high.
According to projections from the World Gold Council (WGC), global gold prices still have the potential to rise between 5—15% (yoy) in 2026.
The WGC attributes the rise in gold prices to falling bank interest rates, a weakening US dollar, increasing investor aversion to high-risk assets, as well as gold purchases by central banks.
However, the WGC also estimates that various factors could risk causing gold prices to fall between 5—20% (yoy) next year.
"Rising yields, a stronger dollar, and the shift toward risk-on positioning weigh heavily on gold, prompting a notable withdrawal of investor interest," said the WGC in its Gold Outlook 2026 report.
"Gold’s outlook for 2026 is being defined by the uncertain economic environment that investors currently face. And, just like 2025, the upcoming year may bring significant volatility across financial markets," they said.
(Read: World Bank's 2026 Gold Price Projections)