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Sujit Kumar
Jan 6, 2025
by Sujit Kumar

Goldman Sachs Revises Gold Price Target to $3,000 by 2026

Goldman Sachs Revises Gold Price

Table of contents

  1. Central Bank Demand to Drive Prices
    1. Impact of Monetary Easing and Inflation
Goldman Sachs has increased its gold price forecast to $3,000 per ounce by mid-2026, up from earlier estimates. The revision reflects expectations of slower monetary easing by the Federal Reserve and strong central bank demand, according to a Bloomberg report.

The bank predicts gold prices will reach $2,910 per ounce by the end of this year, supported by safe-haven buying and continued demand from central banks.

Central Bank Demand to Drive Prices

Goldman Sachs analysts Lina Thomas and Daan Struyven noted that higher central bank purchases will play a pivotal role in sustaining gold prices. They project an average monthly purchase of 38 tons through mid-2026.

“Conflicting factors have kept gold prices in a narrow range,” the analysts explained. While speculative buying has slowed, central bank purchases have compensated for the reduced demand from exchange-traded funds (ETFs).

Impact of Monetary Easing and Inflation

Gold’s 27% surge last year was fueled by U.S. monetary easing and inflation concerns, but the rally cooled in November after a dollar boost from Donald Trump’s reelection. Goldman now expects the Federal Reserve to implement rate cuts totaling 75 basis points in 2025, a reduction from its earlier forecast of 100 basis points.

The bank also sees inflation pressures easing slightly, with underlying inflation expected to decline. Analysts believe Trump’s second-term policies are unlikely to trigger higher interest rates, offering further stability for gold prices.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Goldman Sachs gold price revised target
Goldman Sachs Revises Gold Price Target to $3,000 by 2026
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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