Goldman Sachs Predicts Gold Could Reach $5,000 Amid Crypto and ETF Demand

Goldman Sachs has revised its Gold price forecast upward, projecting a potential surge to $4,900 per ounce by the end of 2026, up from a previous estimate of $4,300. The bank attributes this bullish outlook to persistent demand from central banks, particularly the People’s Bank of China, and Western investors flocking to gold-linked ETFs.

Analyst Lina Thomas notes that emerging markets are likely to continue diversifying reserves into gold, while Federal Reserve rate cuts could further fuel Western ETF inflows. Despite a slight dip in early trading, gold remains NEAR the $4,000 threshold, having rallied 51% year-to-date amid dollar weakness and geopolitical uncertainty.

The metal’s appeal as a SAFE haven has been underscored by U.S. fiscal instability and European political turmoil. While the report highlights gold’s momentum, it also subtly reinforces the growing intersection between traditional assets and digital alternatives like Bitcoin, which investors increasingly treat as 'digital gold.'