Goldman Sachs Sees $4,900 Gold Price by End of 2026
Gold's bull market may be far from over according to Goldman Sachs. As noted by Kitco.com, Anthony Kim, the global head of metals trading at Goldman Sachs believes that gold's recent pullback is merely a pause in its long-term rally.
The firm expects central banks to continue buying gold as they diversify away from traditional foreign-currency reserves, with purchases averaging around 50 tonnes per month in 2026. This is nearly three times the monthly average recorded before 2022.
Goldman Sachs also points out that concerns about debt, currency stability and geopolitical risk are keeping gold in the spotlight. While inflation data and the Federal Reserve's next interest-rate decision may create short-term volatility, the firm believes this could actually create opportunities for investors.