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Gold Prices to Keep Soaring in 2026, Goldman Sachs Hikes Year-End Forecast to $5,400
Goldman Sachs cites strong central bank buying and private-sector hedging as key drivers behind the forecasted gold price rise to $5,400 per ounce by year-end 2026.
- On Jan 21, Goldman Sachs raised its December 2026 year-end price target to $5,400 per ounce from $4,900, citing strong central-bank and exchange-traded fund demand in a note by analysts Daan Struyven and Lina Thomas.
- Private investors who hedged against policy risks are unlikely to sell in 2026, Goldman said, as emerging-market central banks diversify reserves and rival bank Commerzbank AG raised its forecast last week.
- Market data show Gold has soared more than 70 per cent over the past 12 months, while Western ETF holdings rose by around 500 tonnes and spot gold hit an intraday peak of $4,887.82 on Wednesday.
- Goldman Sachs said this change effectively lifts the base level for prices going into next year, and many analysts expect gold to remain well supported through 2026.
- Goldman expects 50 basis points of Fed easing in 2026, while the `debasement trade` and political pressure including US President Donald Trump boost demand from high-net-worth families.
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23 Articles
23 Articles
The main reason is the diversification of the private gold sector, such as a hedge in relation to global political risks
·Brazil
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The gold price continues to break records. Why experts now expect $5,400 and what the policy of the US Federal Reserve has to do with it.
·Düsseldorf, Germany
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Coverage Details
Total News Sources23
Leaning Left1Leaning Right3Center1Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
Factuality
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