Goldman Sachs has raised its 2026 gold price target to $5,400 per ounce, citing strong demand from central banks and private investors. Analysts anticipate that monthly central bank gold purchases will reach 60 tons, while ETF holdings continue to grow amid potential Federal Reserve interest rate cuts. The approval of a Bitcoin ETF could impact liquidity and cryptocurrency markets, but gold remains a key hedge against uncertainty. Julia Du from Standard Chartered sees gold rising as high as $7,150 per ounce.

According to a report by Jin Ten Data, Goldman Sachs has raised its year-end gold price forecast to $5,400 per ounce, citing continued strong demand from private investors and central banks. In a report, analysts including Daan Struyven wrote that the firm's price target for December 2026 has been raised from the previous $4,900 per ounce. They expect central banks to purchase 60 tons of gold per month this year, while ETF gold holdings will continue to expand as the Federal Reserve cuts interest rates. They noted that central banks "have begun competing with private investors for limited physical gold supplies through traditional ETF investment methods." The report stated that their assumption is that private investors seeking portfolio diversification will continue to hold gold, and their purchasing activity can offset global policy risks, thus pushing the upward revision in price forecasts. These investors will not sell their gold holdings in 2026, which in effect raises the starting point for the price forecast. Julia Du, a senior commodity strategist at Standard Chartered Bank, believes the gold price will rise to $7,150 per ounce.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.