The rapid rise of gold and silver prices is now taking the markets by storm. With the brewing geopolitical undercurrents and uprisings, the world is loudly shifting towards safe haven assets, with the demand of all major metals peaking like no other assets. That being said, with rapid macroeconomic changes on the cards, Goldman Sachs has once again ended up updating their gold price forecast for 2026, placing the asset at $5400 by the end of the year.
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Goldman Sachs Predicts Gold To Hit $5400 By Year End: Details
As per the latest report by Reuters, Goldman Sachs has updated their gold price forecast for 2026. The firm is now betting on the yellow metal to trade around $5400 by the end of the year. The banking firm was quick to attribute the diversification factor as the major theme for gold’s rapid rise.
“We assume private sector diversification buyers, whose purchases hedge global policy risks and have driven the upside surprise to our price forecast, don’t liquidate their gold holdings in 2026, effectively lifting the starting point of our price forecast,” the brokerage said in a note dated Wednesday.
In addition to this, per a new post by the Kobeissi letter, global banks’ quest to purchase gold seems to not stop anytime soon. The KL post shared how global banks have accumulated nearly +45 tonnes of gold in November 2025 alone, staying loyal to the safe haven asset trajectory.
“Central bank official gold purchases remain robust. Global central banks bought +45 tonnes of gold in November, the 2nd-strongest month in 2025. This marks the 2nd month of the year with purchases above 40 tonnes. In the first 11 months of the year, central banks acquired 297 tonnes of gold.”
Short-Term Targets for Gold
According to Rashad Hajiyev, a leading gold expert, the gold price forecast for 2026 continues to circle around $5K. Hajiyev has further shared an ambitious price mark for the asset, adding how it may end up hitting $8K as well if geopolitical conditions continue to deteriorate.
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