Goldman Sachs Increases 2026 Gold Forecast to $5,400
Goldman Sachs raises 2026 gold forecast to $5,400, citing private-sector and central bank demand. Spot gold reached $4,887.82 per ounce on announcement day.
Insights:
Goldman Sachs Group Inc has revised its end-2026 gold price forecast to $5,400 per ounce, up from $4,900 per ounce, as announced on January 22, 2026. This upward adjustment reflects the bank's confidence in sustained demand driven by private-sector investors and emerging market central banks. Spot gold reached $4,887.82 per ounce on the day of the announcement, marking an 11% increase year-to-date in 2026, following a 64% rally in 2025.
