Gold Prices Soar Past $4,600/oz as Goldman Sachs Forecasts $4,900 Target
Gold prices are soaring, breaching the $4,600/oz level in mid-to-late August 2026. This nearly 5% weekly gain has cleared a significant technical threshold, with spot prices approaching key strike levels for gold call options.
The Goldman Sachs gold forecast of $4,900 is now widely referenced by institutional investors navigating markets in 2026. While this target represents a revised down from an earlier forecast of $5,400/oz, it is not a withdrawal of conviction but rather a recalibration of timing.
Goldman's bullish framework remains intact, driven by persistent central bank accumulation and the potential re-engagement of Western investors. The bank notes that options demand surge has led to a mechanical price amplifier capable of pushing bullion beyond $4,900 under the right conditions.