Goldman Sachs Raises 2026 Gold Price Forecast: $4,900

A Bold Prediction for the Gold Market from Goldman Sachs

Goldman Sachs has revised its gold price forecast for December 2026 from $4,300 to $4,900. This bullish prediction is attributed to strong capital inflows into exchange-traded funds (ETFs) and potential gold purchases by central banks.

Gold Price Reaches Historical Peak

In the morning hours, the gold price reached $3,977.40, marking a new historical high. Currently, the price is trading at $3,973.57, reflecting an increase of %0.34 compared to yesterday's closing. The increase in the precious metal since the beginning of the year has been recorded at %51.4.

The Role of Central Banks and Fed Policies

Goldman Sachs states that it expects the U.S. Federal Reserve (Fed) to lower interest rates by 100 basis points by mid-2026. This is anticipated to significantly boost demand from Western ETF funds.

Expectations for Central Bank Purchases

The bank also indicated that it expects central banks to purchase an average of 80 tons of gold in 2025 and around 70 tons in 2026. These purchases may change market balances and could be a supportive factor for gold prices.

Conclusion

All these developments suggest significant opportunities for gold investors. Experts' predictions in this direction seem likely to continue to increase gold purchases in the markets and support growth in this precious metal.