Goldman Sachs: Gold Price to Climb Slowly to $5400 by Year-End

Odaily News Goldman Sachs expects gold prices to gradually climb, reaching $5,400 per ounce by the end of 2026, with diversification strategies providing upside potential. Meanwhile, Goldman Sachs anticipates central bank gold purchases in 2026 will accelerate again at the pace seen in 2025. Its core view is that central bank demand, coupled with increased holdings by private investors (primarily driven by expectations of Fed rate cuts), supports a steady rise in gold prices. Goldman Sachs points out that if diversification efforts by the private sector (especially bullish option structures) increase, the market will face significant upside risks. Furthermore, while the medium-term trend remains upward, there could be substantial volatility. (Jin10)