The analyst allowed the growth of gold to $ 6 thousand per ounce.

In 2026, the precious metals market will continue to be influenced by the Fed's monetary policy, demand from central banks and geopolitical uncertainty. Ilya Rusyaev, a business consultant and founder of the Rusyaev Club business community, told Izvestia on May 18.

According to him, gold is already in the zone of historical highs and is trading in the range of $ 5.1–5.3 thousand per troy ounce. At the same time, international analytical institutions continue to raise forecasts: the World Bank is targeting the level of $4,700, Bank of America assumes a move to $6,000 by the middle of the year, and the LBMA consensus is fixed around $4,741. The base scenario for 2026, according to the expert, is formed in the range of $4.5–5.5 thousand.

"The market is supported by several fundamental factors at once: expectations of a softening of the Fed's policy, active purchases of gold by central banks and ongoing geopolitical tensions. In such conditions, it is advisable for private investors to form a position gradually, based on corrections, keeping about 10% of the portfolio in protective assets," Rusyaev said.

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The expert paid special attention to silver, calling it the most asymmetric asset in terms of risk and return ratio among precious metals. According to his estimates, in 2026 the metal may be in the range of $ 55-80 per ounce.

Silver is supported by the growing industrial demand. In particular, the solar energy sector increased consumption to 319 million ounces, an increase of 8.5%. Additional demand is generated by the production of electric vehicles and consumer electronics.

Platinum, according to the expert, also looks attractive for medium-term investments. There is a structural shortage of about 400,000 ounces on the market, and the price range may be $1,950-$2,700. Palladium, on the contrary, remains a more speculative instrument with a range of $1.7–2.2 thousand, but in the long term, pressure on it is increasing due to the growth of the electric vehicle market.

For Russian investors, currency dynamics remains an additional factor. According to Rusyaev, the weakening of the ruble to 95-100 per dollar by the end of 2026 may accelerate the growth of the ruble value of precious metals compared to the dollar value.

As reported on April 29, the price of gold futures for delivery in June 2026 on the Comex exchange on April 29 fell below $4,550 per troy ounce for the first time since March 30 this year. As of 16:20 Moscow time, the price of precious metals decreased by 1.34%, amounting to $4,546.8 per troy ounce. Five minutes later, by 16:25 Moscow time, the futures price slowed down the decline. Gold was at $4,547.5 per ounce, which is 1.32% lower than the previous values.