Gold faces increasing volatility and speculation, Dahua analysts wrote in a report. They said the metal's implied volatility has quietly increased as weekly price fluctuations widened and implied rental interest rates rose. Dahua added that the last trading week of 2025 saw unprecedented fluctuations in gold and various precious metals, which was a key warning sign of increased speculative activity. Driven by the continued accumulation of physical gold bars, the influx of retail investors in gold and precious metals products may have exacerbated the tight liquidity situation at the end of the year. Dahua maintains its gold price forecast, which is to reach $4,600 per ounce by the end of 2026, and eventually rise to $5,000 per ounce in the longer term. It can exacerbate the tight liquidity situation at the end of the year. Dahua maintains its gold price forecast, which is to reach $4,600 per ounce by the end of 2026, and eventually rise to $5,000 per ounce in the longer term.

Gold faces increasing volatility and speculation, Dahua analysts wrote in a report. They said the metal's implied volatility has quietly increased as weekly price fluctuations widened and implied rental interest rates rose. Dahua added that the last trading week of 2025 saw unprecedented fluctuations in gold and various precious metals, which was a key warning sign of increased speculative activity. Driven by the continued accumulation of physical gold bars, the influx of retail investors in gold and precious metals products may have exacerbated the tight liquidity situation at the end of the year. Dahua maintains its gold price forecast, which is to reach $4,600 per ounce by the end of 2026, and eventually rise to $5,000 per ounce in the longer term. It can exacerbate the tight liquidity situation at the end of the year. Dahua maintains its gold price forecast, which is to reach $4,600 per ounce by the end of 2026, and eventually rise to $5,000 per ounce in the longer term.