Will Gold (GC) hit (HIGH) $5,000 by end of December?

As of September 2, 2026, Polymarket prices “Will Gold (GC) hit (HIGH) $5,000 by end of December?” at 44% YES with $51K traded. No tracked smart-money wallet holds a position on this market yet.

Prediction markets put the probability at 44%: Will Gold (GC) hit (HIGH) $5,000 by end of December. Currently, markets are divided (44% YES, 56% NO).

What’s Happening

Gold has extended one of its most powerful multi-year advances on record, a backdrop that frames whether gold (GC) hit (high) $5,000 by end of December. The metal capped its strongest year since 1979 with a 64% rally in 2025 and gains of nearly 140% since the start of 2023, reaching a new all-time high on December 29. Spot bullion touched a record $4,548 an ounce at the end of December 2025, while silver scaled its own record above $51 an ounce. The move has been driven by safe-haven demand, policy uncertainty and a weaker U.S. dollar. [Investing.com, Jan 10]

Whether gold (GC) hit (high) $5,000 by end of December matters because several major banks have set that exact target. BofA and Societe Generale both projected gold reaching $5,000/oz in 2026, with SocGen citing inflows into gold-backed exchange-traded funds that surpassed its initial assumptions. HSBC analyst James Steel wrote that prices could "trade to or near $5,000/oz in 1H26," while cautioning the rally "may flag" later in the year. Goldman Sachs earlier flagged $5,000 as "a real possibility" if the right conditions align, after gold climbed roughly 76% from early 2024. [Investing.com, Oct 13]

The near-term path remains contested. A mid-year note argued gold had already hit record highs above $5,000 per ounce earlier in 2026 before falling sharply, predicting a return to those levels before year-end and pointing to political uncertainty as an added driver of safe-haven flows. Others expect momentum to fade as the year progresses, leaving the question of whether gold (GC) hit (high) $5,000 by end of December dependent on dollar direction, central-bank policy and ETF demand through the fourth quarter. With the metal having repeatedly set records, analysts remain divided on timing rather than direction as the December deadline approaches. [Motley Fool, Aug 12]

Traded on Polymarket — $51K Volume