Why Gold Is Surging? New 20% Gold Price Prediction as Metal Rises for a 5th Straight Session
Gold price surged
for a fifth consecutive trading session today (Thursday), November 13, 2025,
climbing nearly 1% to reach intraday highs of $4,239.52 per ounce before
settling around $4,229.59, marking a dramatic reversal from last month's
correction and reigniting the precious metal's historic bull run.The rally
has delivered impressive gains of approximately 7% over five sessions,
pushing gold back to levels not tested since October 21st and stoking renewed
optimism that the metal could challenge its all-time high near $4,400
established in mid-October.In this
article, I explore why gold price is going up today, analyze technical chart
patterns suggesting further upside potential, and examine institutional
forecasts predicting the precious metal could surge another 20% to breach
$5,000 per ounce by 2026.Why Gold Price Is Going Up
Today?The
catalyst behind gold's resurgence centers on the resolution of America's
longest government shutdown in history. President
Donald Trump signed legislation late Wednesday night, November 12th,
officially ending the 43-day impasse that had paralyzed federal
operations and created unprecedented economic uncertainty.The House
of Representatives voted 222-209 to approve the funding package, which extends
government operations through January 30th and includes full-year
appropriations for military construction, veterans affairs, and the Department
of Agriculture. Speaking
from the Oval Office after signing the bill at 10:25 PM EST, Trump stated the
government would now "resume normal operations" after "people
were hurt so badly" during the extended shutdown.The
shutdown's end removes a critical source of data uncertainty that had
complicated Federal Reserve policy decisions. According to Eric Chia, Financial
Markets Strategist at Exness, "The dollar index edged lower on Thursday as
investors remained concerned about the potential weakness in upcoming data, as
progress in Washington helped end a government shutdown".Markets are
now bracing for a flood of delayed economic reports, including two monthly
employment figures and critical inflation data that could reshape rate cut
expectations.How High Can Gold Go?
Technical Analysis Points to $4,400 RetestBased on my
technical analysis of gold's chart patterns, the precious metal has been
climbing for five consecutive sessions, gaining 7% during this period and
testing levels last seen nearly a month ago on October 21st. As of today,
November 13th, 2025, gold is increasing by nearly 1% and establishing session
highs at $4,239.52 per ounce, trading around $4,229.59 at the time of writing.As visible
on my technical chart, gold is currently consolidating between the $3,900
support zone reinforced by the 50-day exponential moving average and the
previous all-time high from October near the $4,400 level.[#highlighted-links#] The current
upward movement has a clear path to retest the ATH and enter a price discovery
phase, which would align with forecasts from major financial institutions.The current
price action suggests gold has established a solid foundation above the
psychologically critical $4,000 threshold. The 50 EMA, positioned around
$3,830-$3,900, has provided dynamic support during recent pullbacks and
represents the first line of defense against any renewed selling pressure.In my earlier analysis of gold, I suggested that
Fibonacci extensions point to the possibility of the
yellow metal rising to $5,600, which would represent a 40 percent jump from
current levels.A
disruption to the bullish scenario would occur if gold falls below the current
main support area at the 50 EMA, opening the path toward testing the 200 EMA at
the $3,440 level, coinciding with peaks drawn from April through July. This
entire support zone extends down to $3,273. However, given the current
fundamental setup, I would not expect a decline that deep.Federal Reserve Rate Cut
Expectations Fuel RallyBeyond shutdown resolution, gold's surge reflects
intensifying market conviction that the Federal Reserve will deliver another
interest rate reduction in December. CME FedWatch Tool currently shows traders
pricing a 63% probability of a 25-basis-point cut at the December
FOMC meeting, though some Fed officials have hinted at potentially larger
moves."Markets responded to Powell's caution by bidding
up the U.S. dollar, which has emerged as the primary headwind for Bitcoin.
However, gold remains the trusted store of value, while Bitcoin continues
to mirror broader risk sentiment, reacting to liquidity swings and dollar
strength rather than insulating against them,” Jorge Schnura, President of
Keyrock Asset and Wealth Management, explained the dynamics at play.Lower interest rates fundamentally support gold by
reducing the opportunity cost of holding non-yielding assets. When bond yields
and savings rates decline, gold's lack of income generation becomes less of a
disadvantage, making the precious metal more attractive relative to
interest-bearing alternatives."Gold
is reflecting broader market uncertainty, driven by global tariffs, interest
rates, and monetary policy shift,” Mamadou Kwidjim Toure, Founder and CEO at
Ubuntu Group, commented for FinanceMagnates.com. “It continues to serve as a
proven hedge against inflation, a role it has held for decades. Rising gold
prices often act as a benchmark for other assets like Bitcoin, influencing
long-term portfolio diversification strategies".The
combination of strong investor inflows, heightened trading activity, and
broad-based central bank accumulation has positioned 2025 as one of gold's most
dynamic years on record, with both institutional and sovereign players
reinforcing its role as a hedge against uncertainty.Gold Price PredictionBullish Forecasts Target
$5,000+Despite
recent volatility, major financial institutions maintain aggressively bullish
outlooks for gold through 2026, with several forecasts suggesting the precious
metal could surge another 20% or more from current levels to breach
$5,000 per ounce.JP Morgan
delivered perhaps the most bullish projection, forecasting gold could
average $5,055 per ounce by Q4 2026, supported by investor interest and
central bank purchases averaging approximately 566 tons each quarter throughout
2026. The bank maintains a longer-term target of $6,000 per ounce by 2028,
urging investors to adopt a multi-year perspective.Natasha
Kaneva, head of Global Commodities Strategy at JP Morgan, stated: "Gold
remains our conviction long for the year. We see upside as the market enters
the Fed rate-cutting cycle". Goldman
Sachs projects similar upside, targeting $5,055 by late 2026, citing
"strong Western ETF inflows and continued central bank buying as the
drivers" while noting that "risks to this forecast remain skewed to
the upside because private sector diversification into the relatively small
gold market may push ETF holdings higher than expected".Bank of
America raised its 2026 forecast to $5,000 per ounce with an average
around $4,400, acknowledging the possibility of short-term corrections but
remaining optimistic about further gains by 2026. The bank highlighted that
"a 10-15% increase in investment demand—similar to this year's trend—could
elevate gold to $5,000 per ounce".Major Institution Gold
Price Forecasts TableGold Prices, FAQWhy is gold surging today?Gold surged
for a fifth consecutive session (+7% over five days) to $4,229.59 following
President Trump signing legislation November 12th ending 43-day government
shutdown (longest in US history), removing data uncertainty that complicated
Federal Reserve policy decisions while traders price 63% probability of
December rate cut (25 basis points), reducing opportunity cost of holding
non-yielding assets.How high can gold price
go?Technical
analysis identifies clear path to retest all-time high near $4,382 and enter
price discovery phase, with institutional forecasts targeting $5,000-$5,055 by
Q4 2026 (19.5% upside), supported by JP Morgan's conviction trade
recommendation and Goldman Sachs projection citing strong Western ETF inflows
($8.2 billion October) and central bank purchases (200 tonnes year-to-date).Is the gold rally
sustainable?Gold ETFs
attracted five consecutive months of inflows through October 2025 with North
American funds seeing $6.5 billion despite 5% price pullback, while central
banks reported highest 2025 monthly purchases (39 tonnes September), with
Poland (67 tonnes), Kazakhstan (40 tonnes) leading year-to-date accumulation of
200 tonnes, demonstrating institutional confidence in long-term trajectory
regardless of volatility.Should I buy gold now?Yes. Current
consolidation between $3,900 support (50 EMA) and $4,400 previous ATH
represents attractive entry zone according to technical analysis, with Morgan
Stanley's $4,400 average 2026 forecast (+6.4%), Bank of America's $5,000 peak
target (+18.2%), and JP Morgan's $6,000 by 2028 suggesting multi-year bull
market intact, though investors should monitor December Fed decision and
delayed economic data releases.
This article was written by Damian Chmiel at www.financemagnates.com.
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