Expert presented a forecast on the situation in the gold market of Azerbaijan in 2026

New gold market forecasts published in Azerbaijan, where the price has been holding at record levels for over a year and, according to experts, will continue to rise.

As reported by BAKU.WS with reference to Xəzər TV, economist Elman Sadigov stated that in 2026 the upward trend in gold prices will continue from a technical point of view.

According to him, the accumulated dollar inflation over the past ten years has already been almost fully incorporated into the current price of the precious metal, however, in the future, other key factors will also affect the market, contributing to the growth of quotations.

The expert noted that the decisive factor remains the level of demand, which in the future will be formed mainly by states, central banks, funds, and investment companies. The US Federal Reserve's policy on regulating interest rates in 2026 will also have a significant influence.

E. Sadigov added that, despite the expected reduction in rates, inflationary pressure in the US at around 3% continues to restrain this process. As a result, the price of gold will continue to rise, however, according to his assessment, a repetition of such high rates of appreciation as in 2025 should not be expected.