{"id":127833,"title":"Goldman now forecasts that gold will reach $4,900 per ounce by December 2026.","publisher":"Share Talk","author":"sharetalk","published":"2025-10-07T09:27:07+00:00","modified":"2025-10-07T09:27:07+00:00","canonical_url":"https://www.share-talk.com/goldman-now-forecasts-that-gold-will-reach-4900-per-ounce-by-december-2026/","markdown_url":"https://www.share-talk.com/goldman-now-forecasts-that-gold-will-reach-4900-per-ounce-by-december-2026.md","json_url":"https://www.share-talk.com/goldman-now-forecasts-that-gold-will-reach-4900-per-ounce-by-december-2026.json","category":"Blogs","categories":["Blogs","Mining"],"tags":["COMEX","EU","futures","Gold","Gold Bars","Laos","Market","MYANMAR","Swiss","Switzerland","Syria","UK","United States"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/03/gold-14th-march.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Goldman Sachs** has raised its forecast for gold prices at the end of next year, citing strong and sustained demand from both central banks and investors amid a recent surge in bullion prices.\n\nThe bank now predicts that **gold will reach $4,900 per ounce by December 2026**, up from its previous estimate of **$4,300 per ounce**.\n\nGoldman analysts said the continued inflow of funds into gold — from central banks increasing their reserves and from investors buying gold-backed exchange-traded funds (ETFs) — is “sticky,” suggesting prices could remain elevated for longer than previously expected.\n\nGold is currently trading at **$3,947 per ounce**, after touching a **record high of $3,977** overnight.\n\nIn a new analyst note, **Lina Thomas** and **Daan Struyven** outlined the key factors behind their revised forecast:\n\n-\n**Central bank buying** is expected to average **80 tonnes in 2025** and **70 tonnes in 2026**, as emerging market central banks continue diversifying their reserves into gold — contributing **19 percentage points** of the expected **23% price increase** by December 2026.\n\n-\n**Western ETF holdings** are projected to rise as the **Federal Reserve cuts interest rates by 100 basis points in mid-2026**, adding a further **5 percentage points** to price gains.\n\n-\n**Speculative positioning** in gold futures markets is also expected to gradually normalise, supporting continued strength in prices."}