Expectations for the price of gold to rise to $5,400 per ounce by the end of 2026

Goldman Sachs raised its forecast for the price of gold by the end of 2026 to $5,400 per ounce, compared to previous expectations of it reaching $4,900 per ounce, and attributed this to the diversification of private sector and central bank investments in emerging markets.

Gold recorded an unprecedented peak at $4,887.82 per ounce yesterday, Wednesday.

The precious metal, which is considered a safe haven, has jumped by more than 11 percent since the beginning of 2026 until now, continuing a wave of strong rise after increasing 64 percent last year.

Goldman Sachs said in a note: “We expect that buyers for the purpose of diversifying investments from the private sector, whose purchases aim to hedge global political risks that led to the sudden increase in our price expectations, will not liquidate their gold holdings in 2026, which effectively raises the starting point for our price expectations.”