finance
Goldman Sachs Raises Gold Price Forecast to $5,400 per Ounce by End of 2026
Goldman Sachs reaffirmed its forecast for gold to reach $5,400 per ounce by the end of 2026. The bank increased its estimate for monthly central bank gold purchases to 50 tons and expects the pace to average 60 tons per month through 2026.
May 20, 5:29 AM·1m read1 source
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Goldman Sachs reaffirmed its forecast for gold to reach $5,400 per ounce by the end of 2026 despite recent price weakness. The bank stated that forces driving the broader rally are becoming more entrenched. The bank said recent price movements reflect technical and liquidity factors rather than any reduction in structural demand.
Goldman Sachs pointed to ongoing central bank buying and geopolitical uncertainty as sources of continued interest.
Sachs raised its projection for central bank gold purchases to 50 tons per month on a rolling basis. U.S. dollar. U.K. trade data from 2025 onward. Goldman Sachs said the trend of increased central bank purchases began after sanctions and asset freezes following the Russian invasion of Ukraine in 2022. "Strong underlying interest in gold remains evident," Goldman said in a recent note.
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