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Goldman Updates Its 2026 Gold Price Forecast Msn

Bonisiwe Shabane
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goldman updates its 2026 gold price forecast msn

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. (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. 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. Goldman Sachs has raised its December 2026 gold price forecast to USD 4,900 per ounce (from a prior USD 4,300). This upward revision underscores growing confidence in the metal’s long-term upside amid structural tailwinds. The bank’s rationale likely includes several reinforcing factors: Strong central bank demand — many sovereign and institutional buyers continue accumulating gold as part of reserve diversification and de-dollarisation strategies.

Expects central bank gold buying to average 80 tonnes in 2025 and 70 tonnes in 2026, and said, “We see risks to our upgraded gold price forecast as still skewed to the upside on... EM central banks likely to continue structural diversification of their reserves into gold As global markets continue to navigate economic uncertainty, Goldman Sachs has released an updated long-term outlook for gold. The investment bank now forecasts that gold will reach $4,900 by the end of 2026, signaling a notable upward trajectory. With spot prices currently hovering around $4,230, the projection implies a potential increase of approximately 15.8% over the next year. Goldman Sachs attributes its revised estimate to two dominant forces shaping the market: sustained inflows into Western gold-backed exchange-traded funds and persistent gold accumulation by central banks.Analysts suggest that a shift toward monetary easing...

Federal Reserve could further stimulate ETF demand, exerting additional upward pressure on prices. The bank emphasizes that structural demand is playing an increasingly important role in the long-term pricing outlook. Many central banks have been expanding their gold reserves as part of their broader diversification strategies, contributing to a steadily tightening supply-demand dynamic. Despite the already optimistic target, Goldman Sachs notes that the balance of risks still leans toward further price appreciation. According to the bank’s analysts, greater diversification by private-sector investors could cause ETF holdings to exceed model-based projections. Should this materialize, gold prices may surpass even the newly updated forecast.

The bank’s research highlights that gold demand primarily arises from two types of buyers. The first group—often referred to as “belief-driven buyers”—includes central banks, ETFs, and speculative investors who continue to accumulate gold regardless of short-term price movements. Historically, every 100 tons of net purchases by this group correlates with an estimated 1.7% increase in gold prices. Kentucky’s junior U.S. Senator Rand Paul, R-Bowling Green, has introduced the Health Marketplace and Savings Accounts for All Act, to make all Americans eligible for Health Savings Accounts (HSAs). I’ve lived in the same spot for 30 years, but lately, my Social Security check is gone before the month ends.

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I didn't know this help was right under my nose the whole time. If you have ever looked up at the grab handle above your car window and noticed a tiny hook on the side, you are not alone if you had no idea what it was... Here is the short version: that little hook is a coat or clothes hook, designed so you can hang garments without wrinkling them or having them slide around the car. Automakers actually label it that way in their owner manuals. A bombshell came crashing into the White House health narrative Monday when longtime cardiologist Jonathan Reiner publicly rejected the official spin on President Trump’s recent MRI, calling the explanation “laughable” and suggesting the whole... CALIFORNIA — In a sudden move, Howard's Appliances — a nearly 80-year-old appliance chain, has closed all its retail locations in Souther California, leaving employees and customers scrambling with little warning.

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Ernest Hoffman Is A Crypto And Market Reporter For Kitco

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 econo...

Download The Economic Times News App To Get Daily International

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. The price of gold is forecast by Goldman Sachs Research to rise 6% through the middle of 2026 (as of September 24)...

Their Gold Price Forecast Is Driven By Strong Structural Demand

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 includ...

By Contrast, Opportunistic Buyers Such As Households In Emerging Markets

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. Goldman Sachs has raised its December 2026 gold price forecast to USD 4,900 per ounce (from a prior USD 4,300). This upward revision underscores growing confidence in the metal’s long-term upside a...

Expects Central Bank Gold Buying To Average 80 Tonnes In

Expects central bank gold buying to average 80 tonnes in 2025 and 70 tonnes in 2026, and said, “We see risks to our upgraded gold price forecast as still skewed to the upside on... EM central banks likely to continue structural diversification of their reserves into gold As global markets continue to navigate economic uncertainty, Goldman Sachs has released an updated long-term outlook for gold. T...