Major Bank Makes Noteworthy Prediction for Gold: Will the Rally Continue? - Dünya Newspaper
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Goldman Sachs predicts that the precious metal will reach $4,900 per ounce by the end of this year. The yellow metal has risen 15 percent since its mid-July low, reaching around $4,600 per ounce on August 25.
Gold, which suddenly rose from its lowest point in mid-July, approached the $4,600 level. A noteworthy assessment came from the global investment bank Goldman Sachs. The giant bank, stating that the rise will continue, gave a figure for the end of the year. Here are the details...
Investment bank Goldman Sachs has updated its year-end 2026 price forecast for gold, in line with increasing gold purchases by central banks and expectations regarding interest rate decisions by the US Federal Reserve (Fed).
Goldman Sachs predicted that gold will reach $4,900 per ounce by the end of 2026, driven by strong central bank purchases and weakening expectations of a Fed interest rate hike.
Goldman Sachs predicted that the price of gold could rise by the end of the year as central banks continue their strong purchases and expectations of a Fed interest rate hike in 2026 weaken. Gold, which has gained approximately 15 percent since its mid-July low and risen to around $4,600, is expected to see central bank monthly purchases reach an average of 50 tons by 2026.
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