Goldman Sachs Revises Gold Forecast to $5,400 by 2026 Amid Safe-Haven Demand Surge
Goldman Sachs has upwardly revised its gold price projection for 2026, now targeting $5,400 per ounce as geopolitical tensions and macroeconomic uncertainty fuel unprecedented demand for safe-haven assets. The bank cites central bank diversification as a key driver, with global institutions adding 45 tonnes of the precious metal in November 2025 alone—marking the second-strongest monthly accumulation of the year.
The yellow metal's rally reflects a broader shift toward hard assets, with total central bank purchases reaching 297 tonnes in the first eleven months of 2025. This institutional buying spree mirrors growing skepticism toward traditional financial systems, though the report notably omits discussion of parallel demand for decentralized alternatives like bitcoin or Ethereum.
