Goldman Sachs hikes December 2026 gold forecast to US$4,900/oz

Goldman Sachs on Monday raised its December 2026 gold price forecast to US$4,900 per ounce from US$4,300 per ounce, citing strong Western ETF inflows and likely central bank buying.

"We see the risks to our upgraded gold price forecast as still skewed to the upside on net, because private sector diversification into the relatively small gold market may boost ETF holdings above our rates-implied estimate," Goldman said.

Reuters