University of Kwazulu-Natal

Goldman Sachs Gold Prices Will Rise 6 By Mid 2026

Bonisiwe Shabane
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goldman sachs gold prices will rise 6 by mid 2026

The price of gold is forecast by Goldman Sachs Research to rise 6% through the middle of 2026 (as of September 24), underpinned by fresh demand from key groups of buyers who have contributed... The precious metal has risen more than 40% in 2025 and is on pace for its third-straight year of double-digits gains. The gold price is predicted to rise to $4,000 per troy ounce by the middle of next year (up from $3,772 on September 24), Goldman Sachs Research analyst Lina Thomas writes in the team’s... Their gold price forecast is driven by strong structural demand from central banks and easing from the US Federal Reserve (which supports ETF demand for gold). Buyers of gold fall into two broad groups, according to Goldman Sachs Research. Conviction buyers tend to purchase the yellow metal consistently, regardless of the price, and based on their view on the economy or to hedge risk.

These include central banks, exchange-traded funds, and speculators. Their thesis-driven flows set the price direction. As a rule of thumb, every 100 tonnes of net purchases by these conviction holders corresponds to a 1.7% rise in the gold price. By contrast, opportunistic buyers such as households in emerging markets step in when they believe the price is right. They may provide a floor under prices on the way down and resistance on the way up. Ernest Hoffman is a Crypto and Market Reporter for Kitco News.

He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news... He has a Bachelor's degree Specialization in Journalism from Concordia University. You can reach Ernest at 1-514-670-1339. Gold entered 2026 at levels few institutions believed possible just two years earlier. An extraordinary 2025 rally driven by aggressive central-bank buying, persistent geopolitical tension, and expectations of monetary easing pushed prices to all-time highs above $4,300 per ounce and forced banks to rewrite their outlooks.

This article consolidates the most authoritative projections from major banks and respected analysts, along with the relevant forward-looking forecasts from earlier institutional research, so you can track how projections have changed over time. The chart below shows real-time gold spot prices tracked by Lear Capital and updated throughout the trading day. Before gold accelerated far beyond expectations, several institutions issued more conservative targets. Some of these remain useful as reference points that illustrate how sharply sentiment has changed. These earlier forecasts now read like the first chapter in a much larger price repricing. By the end of 2025, gold had sailed past $4,000, prompting an industry-wide reset of forward expectations.

JAKARTA - Gold prices are expected to surpass US$4,000 per troy ounce by mid-2026, according to research by Goldman Sachs. The rise, Goldman Sachs notes, is being driven by renewed demand from key buyer groups, including central banks and institutional investors, who have played a major role in pushing gold to record highs. Throughout 2025, gold prices have already surged by over 40%, with the potential to post double-digit gains for the third consecutive year. In research released on Tuesday (20 September), Goldman Sachs forecast a 6% increase in gold prices by mid-2026, from US$3,772 as of 24 September. Goldman Sachs analyst Lina Thomas explained that the projection is supported by two main factors: strong structural demand from central banks and the Federal Reserve’s monetary easing policies, which have boosted gold’s appeal via... (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily International News Updates. (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. Gold prices experienced a dramatic swing this past week, prompting Goldman Sachs to revisit and reaffirm its bullish outlook for the precious metal heading into 2026. Following a meteoric rise of more than 50% year-to-date to all-time highs near $4,400 per ounce, gold suffered its worst single-day plunge in over a decade, dropping 6% on October 21. While the metal recovered partially due to strong buying interest, including from retail investors and institutional “gold bugs,” it still ended the week 3.5% lower, raising questions about whether gold's historic rally may be...

Goldman Sachs, however, remains unfazed. In a note to clients, Goldman Sachs analysts described this pullback as a “healthy reversal” after an extended rally and reiterated their long-term structural bullish view on gold. Citing powerful undercurrents of demand led by central banks, exchange-traded funds (ETFs), and long-term institutional investors, the bank revised its 2026 gold price target to $5,055 by year-end, with gold forecast to average $4,275... Their Q1 2026 target sits at $4,440 per ounce.“After a period of heavy inflows and extended momentum, a reversal and digestion is healthy for gold and doesn’t change our multi-year structural bullish view,” Goldman... Gold is on track for an exceptional 2025, having risen more than 55% so far, its strongest annual performance since 1979. Over the last five years, gold's performance reflects a powerful cyclical and structural shift in investor behavior:

Analysts polled by Reuters now expect gold to average $3,400 in 2025, rising to $4,275 in 2026, marking the first time forecasts for the yellow metal have exceeded $4,000 across an entire calendar year. Gold has been on a tear this year, and now a Goldman Sachs survey shows many investors think the precious metal will hit a new all-time high of $5,000 by the end of 2026. Gold prices have rallied 58.6% year-to-date, and broke through the landmark $4,000 level for the first time on Oct. 8. In a survey of more than 900 institutional investor clients on Goldman Sachs' Marquee platform, 36% of respondents — the largest cohort — expect gold to maintain its momentum and exceed $5,000 per troy... A further 33% expect the commodity to reach between $4,500 and $5,000, according to the poll, which was conducted between Nov.

12-14. More than 70% of institutional investors see gold rising next year, Goldman Sachs said. In contrast, just over 5% of those polled see prices pulling back to between $3,500 and $4,000 over the next 12 months.

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The price of gold is forecast by Goldman Sachs Research to rise 6% through the middle of 2026 (as of September 24), underpinned by fresh demand from key groups of buyers who have contributed... The precious metal has risen more than 40% in 2025 and is on pace for its third-straight year of double-digits gains. The gold price is predicted to rise to $4,000 per troy ounce by the middle of next year ...

These Include Central Banks, Exchange-traded Funds, And Speculators. Their Thesis-driven

These include central banks, exchange-traded funds, and speculators. Their thesis-driven flows set the price direction. As a rule of thumb, every 100 tonnes of net purchases by these conviction holders corresponds to a 1.7% rise in the gold price. By contrast, opportunistic buyers such as households in emerging markets step in when they believe the price is right. They may provide a floor under pr...

He Has Over 15 Years Of Experience As A Writer,

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This article consolidates the most authoritative projections from major banks and respected analysts, along with the relevant forward-looking forecasts from earlier institutional research, so you can track how projections have changed over time. The chart below shows real-time gold spot prices tracked by Lear Capital and updated throughout the trading day. Before gold accelerated far beyond expect...

JAKARTA - Gold Prices Are Expected To Surpass US$4,000 Per

JAKARTA - Gold prices are expected to surpass US$4,000 per troy ounce by mid-2026, according to research by Goldman Sachs. The rise, Goldman Sachs notes, is being driven by renewed demand from key buyer groups, including central banks and institutional investors, who have played a major role in pushing gold to record highs. Throughout 2025, gold prices have already surged by over 40%, with the pot...