Gold prices continue to hover near record territory as bullish momentum in the precious metals market shows little sign of slowing. Spot gold recently traded above $4,870 per ounce, extending a powerful rally that has already delivered gains of roughly 11% year to date and follows a nearly 65% surge in 2025. The sustained strength has prompted analysts to raise year-end 2026 price targets to as high as $5,400 per ounce, reflecting growing confidence in gold’s long-term demand outlook.