01 / FORECASTS

How high the professionals are looking

Up to $7 150 per ounce — the potential 2026 high outlined by Julia Du, an ICBC Standard Bank analyst, in the LBMA survey. From $4 000, that represents almost 79% potential price growth.

UPPER SCENARIO · 2026$7 150/ ounce

Julia Du · ICBC Standard Bank

Forecast in the LBMA survey ↗

$7 150 is a potential annual high in an individual analyst’s forecast published by the LBMA. The other figures are bank price targets with different time horizons.

Central bank purchases, reserve diversification, high public debt and geopolitical uncertainty support interest in gold. UBS explicitly views a decline towards $4 000 as an opportunity to increase exposure.

02 / MARKET

A familiar price.
A new starting point.

In early October 2025, gold first broke above $3 900. In January 2026, the market reached a record of around $5 595. By late October, after a deep correction, the price was back near $3 900.

OCTOBER 2025≈ $3 900A new price milestone
JANUARY 2026≈ $5 595All-time high
LATE OCTOBER 2026≈ $3 900Back in familiar territory

Politics is already adding momentum: on 4 November, Reuters reported that gold rose by about 3% as the dollar weakened following Democratic gains in the US midterm elections.

Market levels are rounded; these are individual price points, not monthly averages. October 2025 ↗ · October 2026 ↗ · 4 November ↗

03 / GOLD STRATEGY

How the gold strategy traded these moves

Residents of iPO COMMUNITY use the gold strategy to trade movements in gold. Since June 2025, we have publicly shared results through a challenge: #челлендж_показываем_счет ↗.

PUBLIC CHALLENGE

gold. Month by month

Monthly result, %
16 months of public history · June 2025 — September 2026
Strategy results before profit distribution. Every figure can be checked in the public challenge ↗.

The strongest months in the published period

+88%September 2025
+160%October 2025
+80%January 2026

One trend — many trading opportunities

Gold does not need to multiply in price for an active strategy to deliver a strong result. Within a major move, the price rises, corrects and rises again. A series of trades makes it possible to trade individual sections of that journey.

SEPTEMBER · FIRST ARROW

$3 447,72 → $3 862,88

+12,0% gold price movement+88% gold strategy
OCTOBER · SECOND ARROW

$3 862,88 → $4 381,49

+13,4% gold price movement+160% gold strategy

Price changes between the levels marked on the supplied chart, up to the peak of each move. The strategy’s result is for the corresponding month, before profit distribution. These are different measures.

For those who want to look closer: how the result is generated

The October statement shows a series of trades taking profit at different levels. In the September statement, the closed trading result was $24 883,91; in October, it was $119 220,37. The accounts had deposits and withdrawals, so these amounts cannot be directly converted into a monthly percentage.

Sequential trades, position sizes and leverage explain the difference between the metal’s price growth and the strategy’s result. Volatility creates trading opportunities, but does not by itself ensure a profit.

Open the challenge and check the results ↗
04 / WINDOW OF OPPORTUNITY

The compressed spring effect

A price following a deep correction combined with sustained long-term demand is drawing attention back to gold. For the gold strategy, a recovery with corrections and renewed impulses is particularly interesting: a single major move can offer many individual trading segments.

As soon as the pressure from high interest rates and a strong dollar eases a little, gold will have additional room to recover. The structural reasons for interest in the metal remain in place — which is why the current situation can be compared to a compressed spring.

The market seems to be waiting
for just a slight push.

Warren Buffett at the SelectUSA summit, 2015
ON BEING READY FOR OPPORTUNITIES
“When it’s raining gold, reach for a bucket, not a thimble.”
Warren BuffettOn investment opportunities in general.

Prepare for the move — in advance

For those already using gold, the current situation is a reason to consider increasing the capital at work. For new participants, it is a chance to explore the strategy, check its history and decide on an appropriate level of participation.

Past performance does not guarantee future returns. But the market does not wait: while some watch, others prepare to act.

Explore the gold strategyMeet a current investor

Gold’s next chapter still lies ahead.
Be ready to meet it.

iPO

Analytics Department iPO COMPANY4 November 2026 · iPO Journal

Sources and materials

Forecasts are available through the links in the bank cards. Strategy data: iPO public challenge, June 2025 — September 2026. Percentages are shown before profit distribution.

Gold photo: Scottsdale Mint / Unsplash. Buffett photo: USA International Trade Administration / Wikimedia Commons, public domain. Mentioning Buffett does not imply his involvement in the strategy.

Quote source: Warren Buffett’s letter to Berkshire Hathaway shareholders ↗.