What will happen to gold prices if inflation stays elevated through 2026? Here's what experts say.

Rising inflation could have an impact on the price of gold. J Studios/Getty Images The price of gold broke numerous records multiple times in 2025, but since the end of last year, things have been more volatile. While the precious metal did set a new price record back in January, the rest of the year has been a rollercoaster of ups and downs, and prices ranged from $4,300 per ounce to $5,500 (and everything in between). There are a lot of factors contributing to the volatility. …