Goldman Sachs Raises Gold Price Forecast to $5,400 by End of 2026
- 2026-01-22 06:47:12
Goldman Sachs has raised its gold price forecast for the end of 2026 to $5,400 per ounce, up from its previous estimate of $4,900 per ounce.
The bank attributed this increase to diversification of investments by the private sector and central banks in emerging markets.
Gold reached an all-time high of $4,887.82 per ounce on Wednesday.
The precious metal, considered a safe haven, has surged more than 11% so far in 2026, continuing its strong upward trend after rising 64% last year.
In a note, Goldman Sachs stated, "We expect that private diversification buyers, whose purchases are aimed at hedging against global policy risks and which led to the sharp increase in our price forecast, will not liquidate their gold holdings in 2026, effectively raising the starting point for our price forecast."
