Goldman Sachs Hikes 2026 Gold Forecast to $5,400 Amid Strong Demand

• Goldman Sachs raised its end-2026 gold price forecast to $5,400/ounce from $4,900/ounce.
• Strong demand from private investors and emerging-market central banks is underpinning the gold rally.
• Private-sector diversification buyers are accumulating gold as a hedge against global policy uncertainty and geopolitical risks.
• Official sector buying is expected to remain robust, with central bank purchases averaging around 60 tonnes in 2026.
• Other major banks also upgraded gold price targets, citing declining real interest rates, fiscal risks, and geopolitical instability.

Why It Matters: Gold prices are projected to soar to $5,400 by end-2026 due to sustained investor and central bank demand.