Goldman Sachs raises its 2026 December gold price forecast to $4,900 per ounce

ChainThink news, October 7, Goldman Sachs raised its gold price forecast for December 2026 from $4,300 per ounce to $4,900 per ounce. The adjustment was based on strong inflows into Western ETFs and the expectation that central banks will continue to increase their gold holdings. Goldman Sachs stated: "We believe that the revised gold price forecast still has a bias towards the upside. This is because if the private sector diversifies into the relatively smaller gold market, it could drive ETF holdings above the levels we estimate based on interest rate models." (Jin10)