The Globe and Mail reports in its Tuesday edition that gold's winning streak is expected to continue into next year, with analysts predicting an average price over $4,000 an ounce for the first time. A Reuters dispatch to The Globe reports the survey of 39 analysts forecasted a median price of $3,400 per troy ounce for 2025, up from $3,220 in July, and an average of $4,275 in 2026. Gold has risen 54 per cent this year, surpassing $4,000 an ounce, and is on track for its best annual performance since the 1979 oil crisis, with average prices at $3,281 so far this year. GoldCore's David Russell says: "Gold's performance in 2025 reflects more than the strength of a rally. It marks an acceptance of a new reality. The market is no longer responding to short-term shocks but to a deeper loss of confidence in policy-makers, currencies and the financial system itself." Gold has gained on broader geopolitical concerns, trade turmoil and a swing away from dollar dominance, with central bank purchases and inflows into exchange traded funds underpinning its rise. Expectations of U.S. interest-rate cuts have also supported the gold price. While analysts foresee continued gains for gold into 2026, they expect the pace to moderate.