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Goldman Sachs: Bullish on Gold, Predicts Price Will Hit $4900 by 2026

2 hours ago

**Goldman Sachs: 2026 to End Global Oil Supply Volatility, Gold Seen Hitting $4,900** In its latest 2025-2026 Commodities Outlook report, Goldman Sachs said 2026 will mark the final year of global oil supply volatility. The market is poised for an average daily oversupply of 2 million barrels, driving Brent crude to an annual average of $56 per barrel in 2026 and hitting a mid-year bottom. Additionally, the bank reiterated its forecast that gold will reach $4,900 in 2026. It identified global central bank gold purchases and Federal Reserve rate cuts as the key dual drivers behind the rally. Analysis notes geopolitical risks and economic uncertainties are spurring emerging market central banks to accelerate gold holdings, while potential private investor inflows could further push prices higher. Goldman Sachs expects global central banks to maintain monthly gold purchases at roughly 70 tons in 2026, with each 1-basis-point increase in private investor allocations seen lifting gold prices by about 1.4%.
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Binance Alpha's current ZKP Airdrop single-order earnings are approximately $42 USDT

December 19: Binance Alpha has launched zkPass (ZKP). The token’s current price is $0.21, with a market capitalization of $42 million. Eligible users will receive a 200 VOOI token airdrop—valued at approximately $42 at current rates.

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Binance Alpha Launches zkPass (ZKP)

On December 19, Binance Alpha listed the new token zkPass (ZKP).

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Fidelity: Bitcoin Winter may Last a Year, Support Level between $65,000 and $75,000

December 19 Jurien Timmer, Global Macro Director at Fidelity, said in a post on X that while he remains bullish on Bitcoin over the long term, the cryptocurrency may have completed its latest four-year halving cycle—both in terms of price and timing. Following 145 months of upward momentum, the $125,000 peak hit in October this year aligns largely with projections. Bitcoin typically sees a roughly one-year bear market, so 2026 could be a year of consolidation for the token, with support levels in the $65,000–$75,000 range. Timmer also highlighted gold’s robust performance in 2025, contrasting it with Bitcoin’s negative returns, and projected neither asset will experience mean reversion in the near term. Gold is currently in a strong bull market, up roughly 65% year-to-date and outpacing growth in the global money supply. During a recent pullback, gold retained most of its gains—a classic hallmark of a bull market.

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BlackRock: Bitcoin Winter Could Last Another Year, Support Level Between $65K and $75K

On Dec. 19, Jurien Timmer, Global Macro Director at Fidelity, said in a post on X that while he remains bullish on Bitcoin long-term, the cryptocurrency may have already wrapped up its latest four-year halving cycle—both in price and timeline. After 145 months of growth, the $125,000 high Bitcoin hit in October this year aligned broadly with expectations, he noted. Bitcoin’s bear markets typically last around a year, so 2026 could be a “down year” for the token, with support ranging from $65,000 to $75,000. Timmer also highlighted gold’s strong 2025 performance, contrasting it with Bitcoin’s expected negative returns, and added neither asset is likely to see mean reversion in the near term. He pointed out gold is currently in a robust bull market: up roughly 65% year-to-date, outperforming global money supply growth, and holding most of its gains during a recent pullback—a classic hallmark of a bull market.

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Ethena Labs transferred 23.3 million ENA to FalconX 9 hours ago

On December 19th, per Onchain Lens monitoring, Ethena Labs transferred 23.3 million ENA (≈$4.74 million) to FalconX 9 hours ago, likely for sale. The wallet currently still holds 123.4 million ENA, worth approximately $25 million.

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CryptoQuant: Bitcoin Demand is Slowly Fading, Potentially Applying Downward Pressure to Price

On December 19, CryptoQuant shared data on social media showing Bitcoin’s demand frenzy is cooling off. This cycle has seen three waves of spot demand surges, with the latest appearing to be winding down. Since early October, demand has consistently stayed below trend levels, which could put downward pressure on prices.

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