Goldman Sachs Raises Gold Target to $5,400; Predicts 12% Surge in 2026

• Goldman Sachs has increased its gold price forecast to $5,400 per ounce by the end of 2026, up from the previous estimate of $4,900.
• The brokerage attributes the revised forecast to continuous investment from private sector investors and central banks in emerging markets.
• Spot gold recently hit a record high of $4,887.82 per ounce, with Goldman Sachs expecting a further 12% increase from current levels.
• In India, gold prices on MCX could reach approximately Rs 1.69 lakh per 10 grams, indicating a potential increase of about Rs 18,000.
• Gold is seen as a hedge against global policy risks, and central banks are diversifying forex reserves into gold; potential US Fed rate cuts could also boost ETFs.

Why It Matters: Goldman Sachs predicts a significant gold price surge, driven by investor demand and central bank diversification.