Gold Price Forecast 2026: Goldman Sachs Sees $4,900/oz

Goldman Sachs has just raised its gold price target to $4,900 by the end of 2026.

The new forecast comes after gold rallied 17% since late August.

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Demand from central banks and Western investors is driving this surge.

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Current spot price: $3,952/oz — near record highs.

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China’s central bank buying & expected Fed rate cuts are boosting gold.

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Goldman expects central banks to keep buying 70–80 tonnes annually in 2025–26.

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ETF inflows could rise as interest rates fall, adding more momentum.

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Goldman Sachs: $4,900/oz by 2026 — will gold break $5,000 sooner?

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