Goldman Sachs Reiterates Bullish Stance on Gold: Raises Year-End Target to $5400, Sees High Above $7000

BlockBeats News, January 22nd, Goldman Sachs significantly raised its gold price forecast, increasing the year-end 2026 gold price target from $4900 to $5400 per ounce. Goldman Sachs pointed out that continued buying from private investors and central banks around the world is driving up competition for limited gold supply, with the monthly average central bank gold purchases expected to be around 60 tons this year. Meanwhile, against the backdrop of the Fed rate cuts, gold ETF holdings are also expected to rise.

With multiple institutions collectively turning optimistic, the gold price has broken through $4800 per ounce, reaching a historic high. A survey by the London Bullion Market Association (LBMA) showed that the majority of analysts expect the gold price to surpass $5000 this year.

More aggressive forecasts come from ICBC Standard Bank, whose head of commodity strategy believes that gold prices could rise to $7150 in an extreme scenario. Institutions generally believe that geopolitical tensions, declining real interest rates, and the "de-dollarization" trend are continuing to strengthen gold's position as the ultimate global safe-haven asset.