The banking wizards at Goldman Sachs have once again decided to astonish investors: they have upgraded their gold price forecast from an already impressive $4,300 per troy ounce by the end of 2026 to a more ambitious $4,900. Their reasoning is based on an influx of money from Western ETFs and active purchases by central banks.
Since the beginning of the year, gold has surged by 51%, and this stunning rally has been actively fueled by global regulators who, apparently, have decided to pump up their reserves even further, without worrying too much about real economic fundamentals. The flagging US dollar, geopolitical risks, and retail investors’ desire to “hedge their bets” are also stoking demand.
According to analysts’ forecasts, central banks are expected to buy an average of 80 tons of gold in 2025, and about 70 tons in 2026. This is excellent news for those who still believe that a gold deposit is a reliable anchor in turbulent financial markets.
Investor Fyodor Sidorov modestly adds that gold could reach $4,200–$4,500 if global market sentiment is not suddenly revised. Does anyone expect stability in the crypto and stock markets?
All in all, putting scepticism aside, gold is poised for another takeoff, while market participants watch with bated breath and speculate whether this rise will be smooth or whether the next golden bubble is on the horizon.
