Bullish
Goldman Sachs raises December 2026 gold price forecast to $4,900/oz.
Goldman Sachs has increased its December 2026 gold price forecast to $4,900 per ounce, up from $4,300, citing strong Western exchange-traded fund (ETF) inflows and anticipated central bank buying. The bank expects central bank purchases to average 80 metric tons in 2025 and 70 tons in 2026, with emerging market central banks likely to continue diversifying their reserves into gold. Additionally, Western ETF holdings are projected to rise as the U.S. Federal Reserve is anticipated to lower the funds rate by 100 basis points by mid-2026.
Key points
- Goldman Sachs raises December 2026 gold price forecast to $4,900/oz.
- Spot gold trading around $3,960 per ounce, with a high of $3,977.19.
- Gold has climbed 51% this year, driven by central bank buying and ETF demand.
Sources
AI-generated from public news sources. Not financial advice.
