Gold has hit a record high of over $5,300 an ounce in 2026, following a 17% increase this year and a 64% surge in 2025. The SPDR Gold Trust has seen inflows of $370 million. Financial advisors are considering how to manage client portfolios during this historic gold market run.

Major banks are increasing their gold price targets, with Goldman Sachs predicting gold will reach $5,400 an ounce by the end of 2026. The London Bullion Market Association forecasts gold to hit $7,150 with an average price of $4,742 this year. Rising geopolitical uncertainty and US government policy risks are driving investors towards gold.

Advisors are cautious about getting carried away by the gold rush, recommending a measured approach. If equity markets drop, consider adjusting gold positions and reinvesting in equities. While gold can mitigate risk, long-term upside potential may be higher in markets. Gold is seen as a tool for rebalancing and risk mitigation.

Read more at Yahoo Finance: Advisors Look for Midas Touch as Gold Prices Soar