Goldman Sachs' $4,900 Gold Forecast for 2026

Goldman Sachs Predicts Gold Prices for 2026

Goldman Sachs has announced its strong prediction that gold prices will reach 4,900 dollars by the end of 2026. This forecast implies an approximate 21% increase compared to current levels.

Recent Price Volatility

Gold prices dropped to 4,062 dollars on Tuesday, after reaching record levels of 4,336 dollars on October 30, marking a decline of about 6% within a month. This decrease is attributed to the strengthening of the US dollar and the diminishing likelihood of a rate cut in December.

Expert Opinions

Goldman Sachs emphasized that this drop in gold prices may not be permanent, but rather a temporary fluctuation. According to the bank, gold has performed strongly this year, gaining approximately 75% in value and benefiting from investors' search for safe havens.

Short and Medium-Term Expectations

Experts suggest that the strengthening of the dollar and changes in the interest rate outlook in the US play a leading role during this decline in gold prices. Despite short-term pressures, gold is expected to remain strong in the medium term.