Goldman Sachs Gold Forecast: $5,400 Expected by End of 2026

Positive Outlook for Gold from Goldman Sachs U.S.-based investment bank Goldman Sachs has shared optimistic expectations for the gold market in its 2026 outlook report.
The bank stated that structural demand remains strong and expects the price of gold to rise "slowly but steadily" to $5,400 per ounce by the end of 2026.
Key Factors Supporting Prices According to the bank's analysis, two main factors are supporting gold prices: robust purchases by central banks and an expected increase in private investor demand following interest rate cuts by the U.S.
Federal Reserve (Fed).
The bank noted that gold will become more attractive to investors if the rate-cutting process drives down real yields.
Goldman Sachs also clarified that it does not view the current rise as a classic "commodity supercycle," but rather as a movement linked to policy-driven uncertainties and shifts in investor behavior.
Tariffs and the Cryptocurrency Market In addition to gold, the economic agenda was influenced by U.S.
President Donald Trump's statements regarding customs tariffs.
Trump announced plans to increase the temporary 10% global tariff on imports from all countries to the legal upper limit of 15%.
This move followed a U.S.
Supreme Court ruling against parts of Trump's emergency tariff program.
Following Trump's remarks, Bitcoin, the world's largest cryptocurrency, experienced a brief decline.
However, the market quickly recovered, recouping its losses and closing the day up 0.7%.
The crypto market is expected to continue its recovery efforts amidst geopolitical risks and policy-driven news flows.