Gold forecast 2026: why gold could surge in the year ahead

As we head into 2026, the long-term case for gold has never been stronger. While inflation keeps degrading the value of the pound, gold looks set to continue on its upwards trajectory with the fundamentals driving its growth looking as strong as ever.

Inflation is persisting, government debt is spiralling, central banks are increasing their gold buying, and the money supply continues to expand. And as gold gets a digital upgrade, making it more practical for everyday use, a growing number of analysts believe gold may be positioned for another major upward cycle in 2026.

Here’s why the gold forecast among most financial analysts is overwhelmingly positive for 2026:

1. Inflation remains sticky heading into 2026

As of late 2025, CPIH inflation is at around 3.2%, significantly higher than the Bank of England’s 2% target and enough to significantly erode the purchasing power of the pound.

To make matters worse, the Office for Budget Responsibility (OBR) forecasts CPI inflation has stressed that domestically generated inflation is proving more persistent than expected. 

The Bank of England has conceded that, even in a best case scenario, the latest fiscal measures will reduce inflation only by around 0.4 percentage points by mid-2026, meaning the UK is likely to experience continued cost of living increases. 

What this means for gold in 2026

As inflation persists into 2026, the spending power of the pound will continue to weaken. This means that assets like gold could surge in price and if this plays out, investors who buy gold early could benefit from significant capital growth.

2. Government debt is projected to grow in 2026

The forecasts from the latest OBR Economic and Fiscal Outlook are shocking – UK public sector net debt (PSND) is set to increase by an average of £121 billion per year over the course of the five year projection period. 

When measuring UK debt, analysts sometimes remove the Bank of England’s bond holdings to get a “cleaner” figure. However, the inconvenient truth is that even when you take the Bank of England’s bond holdings out of the picture, the UK’s debt is still projected to reach astronomical levels. In fact, by 2030 the UK’s debt is expected to be as high as 95% of GDP. Let that sink in…

No matter how you measure it, UK debt is going up at an unsustainable rate.

What this means for gold in 2026

The national debt crisis in the UK is putting significant pressure on the pound and is likely to necessitate:

  • Increased government borrowing
  • Increased money printing
  • Even higher inflation as a way to dilute the real value of debt

And whilst this is doom and gloom for the pound, the reality is these three outcomes are bullish for gold.

3. Central banks are likely to buy even more gold

According to the World Gold Council’s 2025 Central Bank Gold Reserves Survey:

  • 95% of central banks believe global gold reserves will increase over the next 12 months.
  • A record 43% say they plan to increase their own gold holdings.
  • None expect to reduce their gold exposure.

This is probably the most obvious signal that gold will continue to grow in 2026. Central banks are the world’s largest holders of gold, and when they increase their gold holdings, it’s amongst the strongest drivers of gold’s long term price.

What this means for gold in 2026

If 95% of central banks expect higher global gold reserves, and 43% plan to buy more, we could see another year of large-scale institutional accumulation, driving demand and price upwards significantly.

4. UK money supply continues to expand

Recent Bank of England Money & Credit findings show that broad money (M4ex) continues rising:

  • October 2024: Net flow of £19.2bn
  • October 2025: Net flow of £8.5bn

It’s important to remember that money supply doesn’t need to “explode” to push gold higher, it just needs to grow faster than productivity.

And the data is clear: the money supply is increasing.

What this means for gold in 2026

The OBR expects increased government borrowing in 2026, and at the same time, markets are widely expecting interest rate cuts to stimulate the economy. Both outcomes mean an increase in the money supply.

As the money supply increases, the spending power of the pound diminishes. In response, the price of assets with fixed supplies, like gold, will grow.

5. Technology is breathing new life into gold

Gold has always been a strong store of value, but until recently, it wasn’t practical as everyday money. The days of gold ownership being limited to buying either physical gold or ETFs are well and truly over. 

TallyMoney drastically lowers the barrier to entry, enabling gold to function as a daily-use alternative to regular money. The difference is the money in your Tally account grows in line with gold.

TallyMoney has given gold ownership an upgrade by making it:

  • Quick and easy: Download the app, activate your account and buy real LBMA-accredited gold within minutes
  • Practical: Spend your gold using the TallyMoney debit Mastercard® whenever you want, worldwide
  • Secure: Your gold is fully insured and stored on your behalf in Brinks vaults in Switzerland
  • User-friendly: With an easy-to-use app to manage your account from the comfort of your phone

What this means for gold in 2026

As technology makes gold more accessible, its demand will surge. And when you take into account the fact that more and more people are turning to gold to escape inflation and currency debasement, the case for gold as an investment in 2026 looks very strong.

Summarising our gold forecast

In short, the case for gold as an investment in 2026 and beyond is strong:

  • Inflation remains above target, with persistent underlying pressures.
  • Government debt is forecast to rise in 2026.
  • Central banks expect to buy more gold.
  • The money supply continues to expand, and interest rate cuts are likely.
  • Fintech is making gold more practical than ever before.

These are not passing trends, they are long term, structural drivers that make it very likely that gold’s upward trajectory will continue.

If you want to protect your savings from the eroding effects of inflation and currency debasement, gold remains one of the most reliable and best performing investments.

And now, with TallyMoney, you can own gold that you can spend as easily as using a regular bank account.

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How to get a TallyMoney account

Real World Examples

  1. Fancy a coffee? Use your TallyMoney Mastercard. Boom – paid. (Yes, you’re buying a flat white with gold. How amazing is that?)
  2. Need cash? Use any Mastercard ATM worldwide or spend across the globe. ZERO fees from us, ZERO markup. (When you spend or withdraw, your gold converts instantly at the global spot price. No catches, no hidden charges – just straight-up Mastercard exchange rates. Because your money shouldn’t cost you… more money.)
  3. Want some money back in your bank? Just tap ‘transfer’ in the app. (Though after a while, you might wonder why you’d want to…)

    Zero faff. Zero waiting. Zero fees when you spend tally.

Meet Cameron Parry

Meet the guy who wouldn’t accept being trapped in a ‘heads they win, tales we lose’ government-run monetary system that protects and benefits the financial institutions, to the detriment of the public. Where people’s deposits are constantly at risk, and losing value through inflation caused by central bankers and politicians.

If necessity is the mother of invention, then frustration may be the roommate’s cousin of motivation. In any case, he decided to stop getting mad and start a new monetary system with sound money. Where deposits serve the depositor, where savings build wealth for savers, and transactions are made in a familiar way. And he called it TallyMoney.

TallyMoney: Gold upgraded

With TallyMoney:

  • Your pounds instantly become physical gold (1 tally = 1mg of real gold)
    Stored in Swiss vaults (not under your bed)
  • Fully insured and allocated (actually yours, not a paper promise)
  • Spend it anywhere with your TallyMoney debit Mastercard
  • Transfer back to pounds instantly if needed (but why would you?)

We’re not anti-bank because it’s trendy. We’re anti-bank because the current system is rigged against you. Every day you leave money in a “savings” account, you’re funding their profits while your wealth evaporates.

Enter gold: the original currency

Why gold? It’s value is universally acknowledged.

  • It’s not controlled by any single government
  • It can’t be printed or manufactured
  • It’s actually scarce 
  • It requires effort to extract it 
  • It doesn’t rust, decay, or disappear
  • It has remarkable properties

So while the pound’s lost 50% of its value since 2004, gold’s grown by 146% in the last decade alone. While your bank savings got mugged by inflation, gold owners were laughing all the way to… well, not the bank.

But here’s the rub: Traditional gold ownership is a right pain. Buy physical bars? Prepare for storage fees that’ll make your eyes water, insurance premiums that never end, and a 5-10% haircut when you need to sell. Plus, try buying your weekly shop with a gold ingot.
Paper gold ETFs? They’re classed as Tier 3 assets for a reason – that’s financial speak for “risky as hell.” You don’t own gold, you own a promise. A tradeable IOU. And when everyone wants their gold at once? Good luck with that. So you’re stuffed either way: real gold that’s impossible to use, or fake gold that might not be there when you need it.
Until now.

The truth about inflation

How? Well, when politicians overspend (and they invariably do), they need more money to ‘stimulate the economy’. But raising taxes makes voters angry. So what do they do? They fire up the money printer, and boy do they love to print. To give you a sense of the scale, since 2015 the Bank of England has created £520bn out of thin air through “quantitative easing” (electronic money printing) plus £86bn in physical currency. 

Thing is, more pounds in circulation = each pound is worth less. Think about it: In 2004, £100 could buy you a decent night out, theatre tickets, and a cab home. Today? That same £100 barely covers the theatre tickets. Your money didn’t disappear – it was diluted, like someone’s been topping up your whisky with water when you weren’t looking.

The “2% inflation target” they bang on about? That’s them telling you they plan to steal 2% of your wealth every single year. And calling it healthy.

How TallyMoney actually works?

  1. First things first: we’ve got actual gold bullion* (none of that paper-promise nonsense) locked up tight in a Brinks vault in Switzerland. Yeah, those Brinks – the security legends who’ve been protecting valuables since Queen Victoria was on the throne.
  2. You send your pounds to your TallyMoney account (bye-bye, inflation-addicted fiat!).
  3. We use the global gold spot price to instantly turn your currency into its weight in gold. No hidden or fuzzy exchange rates, just the real market gold price + 1.49% gold purchase fee.
  4. Each milligram of your physical gold = 1 tally (we keep it decimal because no one wants to faff about with troy ounces – the specific unit for measuring gold).
  5. That’s it! Your app shows your balance in tally, but remember – those aren’t just numbers on a screen. That’s your solid gold, in milligrams, sitting pretty in Switzerland.
  6. You can now save and spend your gold as you see fit.

*All Tally gold is sourced from LBMA-accredited providers because we’re rebels with a cause… and standards. Instead of tracking the gold price per kg, your money is directly converted based on the real-time global gold spot price.

TallyMoney is real money

  1. Store of value
    Your gold sits in a Swiss vault (not getting ‘quantitatively eased’ away)
    Evidenced by 5,000 years of holding its value
    Can’t be inflated by government whim and fingers on the ‘currency print’ button
  2. Medium of exchange
    Spendable at 150+ million shops worldwide (thanks, Mastercard)
    Currency converts instantly at market rates (no sneaky margins)
    Moves as quickly as sending a text 
  3. Unit of account
    1 tally = 1mg of gold. Simple
    Stable enough to actually plan your future with
    Speaks every currency’s language (gold’s kind of a big deal everywhere)

This is why TallyMoney is so much more than just owning Gold – it’s a real financial revolution. We’re not just helping you own gold; we’re bringing back what money was always meant to be. Sound Money for a Brighter Future. Because your hard work and wealth deserve better than being slowly robbed by external forces.

We want you to have real money

  1. A store of value:
    Keeps its value over time
    Insulated from devaluation/inflation
    Actually rare and can’t be created out of thin air
  2. Medium of exchange:
    Easy to use for everyday transactions
    Widely accepted
    Can be transferred efficiently
  3. Unit of account:
    Works like a proper value-measuring stick (imagine if your ruler shrunk every year – mad, right?)
    Splits nicely into useful bits
    Reliable enough to plan your future with

Why does this matter? Because your hard work deserves better than being turned into monopoly money by someone else’s actions. Every time your currency loses value (inflation) its stealing from your past work, which harms your present savings, and your future dreams.