Aug 2025
Aug 2025
Outlook for 2026: Which Events Will Shape the World of Coins and Precious Metals
By StoneX Bullion
The year 2026 is already casting its shadow. Developments are emerging that will have a lasting impact on the market for precious metals and coins. Some events are political or economic in nature, others concern specific anniversaries and innovations in coinage. It is worthwhile for investors and collectors to take a close look in order to assess opportunities and risks for the coming year at an early stage.
The following sets out the key factors that could drive movement in 2026. These range from monetary policy decisions and historic anniversaries to major sporting events.
Will a US Interest Rate Turn Give Gold a Fresh Boost?
One of the most important macroeconomic factors for the gold price remains the monetary policy of the US Federal Reserve. For 2026 many expect a turn in interest rates, in other words a departure from the recently restrictive increases in policy rates. Should the Federal Reserve actually start easing, the consequences would be far reaching.
Falling interest rates typically weaken the US dollar and make non interest bearing assets such as gold more attractive. Investors worldwide could shift more strongly into the precious metal in order to protect themselves against losses in the purchasing power of their paper currencies. Historical parallels show that gold performs particularly well during phases of falling real interest rates.
For investors this means that 2026 could turn out to be a year in which gold once again moves to centre stage. Those who invest in good time will benefit not only from the stability of the metal, but possibly also from a fresh price surge.
How Will America’s 250th Anniversary Influence Coinage?
On 4 July 2026 the United States will celebrate the 250th anniversary of its independence. This historic anniversary will be significant not only politically and culturally, but also numismatically. The United States Mint has already announced special commemorative issues to mark the nation’s founding.
Such anniversaries have a long tradition in the United States. For the bicentenary in 1976, the well known Bicentennial coins appeared with special designs on the quarter dollar, half dollar and dollar. It can be expected that the issues for the 250th anniversary will likewise attract great attention both domestically and internationally.
Collectors can benefit by acquiring official issues at an early stage. First issues or special sets in particular are, as experience shows, quickly sold out. For the global coin market, the anniversary will also generate a boost in media attention that is likely to spill over into other American coin programmes.
Why Is the British Sovereign Moving to Yellow Gold in 2026?
A smaller, but symbolically significant change concerns the British Sovereign. From the 2026 date onwards this traditional coin will no longer be struck in rose gold, but in classic yellow gold. This means that the Royal Mint is bidding farewell to a feature that has shaped the coin for decades.
For collectors this marks a break in the history of one of the world’s best known gold coins. Looking back, the 2025 Sovereign will be seen as the last year struck in rose gold and may therefore acquire a special collector status. Investors, meanwhile, will from 2026 receive a coin that is visually closer to fine gold and is perceived internationally even more clearly as a classic investment product.
The change underlines that even long established mints respond to market trends and seek a balance between historical authenticity and investor friendliness.
What Will Bulgaria’s Euro Adoption Mean for Collectors?
Another highlight for collectors will be Bulgaria’s adoption of the euro. The country plans to join the euro area at the start of 2026. This will see Bulgarian euro coins enter circulation for the first time, across all denominations from 1 cent to 2 euros, together with the first Bulgarian 2 euro commemoratives.
The designs of the Bulgarian euro coins have already been decided. The national symbol will be the famous Madara Rider, a medieval rock relief that is part of the UNESCO World Heritage. For collectors across Europe, Bulgaria’s first issues will be a must. First issues from smaller euro countries have historically attracted high demand, as was the case with Slovenia or Latvia.
The Bulgarian central bank is also likely to mark the occasion with special issues. For investors and collectors alike, 2026 will thus bring another numismatic highlight, although Bulgaria’s accession to the euro raises the broader question of whether the euro area is heading towards overextension.
How Will the 2026 Football World Cup Impact Coin Issues?
Major sporting events are always a topic in the world of coins. The Football World Cup 2026, held in the United States, Canada and Mexico, is likely to be followed by numerous commemoratives. Both the host countries and international mints will seize the opportunity to immortalise sporting themes in precious metal.
In the past, Olympic Games and World Cups have led to popular collector issues that have often risen in value. For 2026 a wave of silver and gold issues can therefore be expected that will appeal to football fans and investors alike. Particularly limited issues from official mints could sell out quickly. It is worth investors keeping an early eye on the official programmes and, where appropriate, selecting coins with international demand.
Which Geopolitical and Market Trends Could Shape Precious Metals in 2026?
Alongside predictable events, geopolitical and economic factors will also shape the precious metals market in 2026. Political uncertainties, tensions in world trade or supply bottlenecks regularly affect gold and silver prices. The ongoing drive to decarbonise could also increase industrial demand for silver, since photovoltaics and electromobility continue to grow strongly.
It is likewise probable that central banks will continue their gold purchases. In 2025 central banks once again confirmed their role as the key pillar of the gold market. After the record of around 1,086 tonnes in 2024, purchases in 2025 also remained at an extremely high level. Roughly 244 tonnes flowed into vaults in the first quarter, and 166 tonnes in the second quarter, figures that are clearly above the long term average. Forecasts by analysts such as Metals Focus and the World Gold Council suggest that official demand for the full year will end at around 1,000 tonnes. This engagement is driven by strategic considerations. Many central banks wish to reduce their dependence on the US dollar, diversify their reserves and use gold to hedge against geopolitical uncertainties and inflation.
This trend is likely to continue in 2026. Market observers such as Citi Research and UBS expect central banks to keep buying more than 1,000 tonnes per year. In parallel, de dollarisation is advancing, with emerging economies increasingly building gold as a stable store of value to counterbalance foreign currencies. Forecasts by major investment houses reach as high as 3,700 or even 4,000 US dollars per ounce of gold by mid 2026 if purchases continue at the same pace. Official sector demand therefore remains a decisive factor in the gold market, underpinning the price on the downside and providing long term stability for investors.
Why Could 2026 Be a Decisive Year for Coins and Precious Metals?
The year 2026 promises to be particularly eventful for the world of precious metals and coins. The expected turn in US interest rates could give the gold price fresh impetus, while anniversaries such as the 250th birthday of the United States or the Football World Cup will bring numismatics into focus worldwide. With Bulgaria’s first euro issues and the Sovereign in yellow gold, two concrete coin novelties will also arrive that should interest collectors and investors alike.
For investors the year offers an opportunity to position themselves early, whether through classic gold investments in anticipation of an interest rate turn or by selectively acquiring coins that tie in with historic events and anniversaries. Those who act in good time can experience 2026 not only as observers, but as active participants in a world in which monetary history is being written.