Goldman Sachs has blunt message on gold price for rest of 2026
View original at finance.yahoo.comGoldman Sachs has blunt message on gold price for rest of 2026 Gold just had its worst month in over a decade. Goldman Sachs is not budging…
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The March sell-off does not change the structural case for gold, and the buyers who drove gold higher are still there
60% confidenceThe March sell-off does not change the structural case for gold and the buyers who drove gold higher are still there
60% confidenceEmerging-market central banks will purchase about 60 tonnes of gold per month in 2026
60% confidenceEmerging-market central banks will purchase about 60 tonnes of gold per month in 2026 as countries diversify reserves away from the U.S. dollar
60% confidencePrivate investors who bought gold as a hedge against long-term macro risks are not selling and these positions are stickier than event-driven bets
60% confidenceRisks to the upgraded forecast are significantly skewed to the upside because private-sector investors may diversify further on lingering global policy uncertainty
60% confidenceConcerns over long-term government debt levels and monetary policy credibility are driving physical bar purchases by high-net-worth individuals and call option buying by institutions
60% confidenceChina's central bank extended its gold purchases for 15 consecutive months through January 2026
60% confidenceTotal EM central bank gold purchases will reach approximately 850 tonnes in 2026
60% confidencePrivate investors who bought gold as a hedge against long-term macro risks are not selling, and these positions are stickier than event-driven bets
60% confidenceRisks to the upgraded forecast are significantly skewed to the upside because private-sector investors may diversify further on lingering global policy uncertainty
60% confidenceGoldman expects a further half-point of Fed easing in 2026, which it estimates adds roughly $120 per ounce to gold's price support
60% confidenceGoldman Sachs reaffirmed its $5,400 per ounce year-end target for gold despite March 2026 sell-off
60% confidenceTotal emerging market central bank gold purchases will reach approximately 850 tonnes in 2026
60% confidenceGoldman Sachs maintains $5,400 per ounce year-end target for gold despite March 2026 sell-off
60% confidenceWestern gold ETFs added roughly 500 tonnes since the start of 2025, running well ahead of what Federal Reserve rate cuts alone would explain
60% confidenceFederal Reserve will implement a further half-point of easing in 2026, which adds roughly $120 per ounce to gold's price support
60% confidence
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