Goldman Sachs boosts 2026 gold price forecast to $4,900 amid strong demand

Core Viewpoint - Goldman Sachs has significantly raised its gold price forecast for December 2026 to $4,900 per ounce from a previous estimate of $4,300, driven by strong demand in the West [1] Group 1 - The revised gold price forecast reflects a bullish outlook for the precious metal market [1] - The increase in the forecast indicates a growing confidence in gold as a safe-haven asset amid economic uncertainties [1] - The adjustment in price expectations suggests potential investment opportunities in gold-related assets [1]