07 Oct 2025 | 3 Mins Read

Goldman Raises 2026 Gold Price Forecast to $4,900 per Ounce

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Goldman Sachs raised its December 2026 gold price forecast to $4,900 per ounce from $4,300 due to strong Western ETF inflows and central bank buying. They expect central bank buying to average 80 metric tons in 2025 and 70 tons in 2026, contributing to gold's 51% year-to-date increase. Spot gold traded at $3,960 per ounce.