Goldman Sachs maintains its year-end 2026 gold price forecast at $4,900, with significant upside risks.
1 hours ago
Goldman Sachs continues to see net upside risks to its forecast that gold prices will hit $4,900 per ounce by the end of 2026, though two-way price swings along the path will also intensify. The bank said its fair value projection of $4,900 per ounce for end-2026 assumes sustained strong demand from central banks worldwide. If inflows to gold ETFs resume and the currently elevated bullish option positions persist, dealer hedging could mechanically amplify rallies, pushing gold prices well beyond its forecast. Goldman also noted that a renewed uptick in Federal Reserve rate hike expectations could trigger dealer hedging unwinding, leading to a more severe pullback in gold prices than usual.
Google’s former chief scientist launched a startup just 5 weeks ago, targeting a $50 billion valuation.
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