Benzinga·2025-11-29 05:18Core Viewpoint - A Goldman Sachs survey indicates strong optimism among institutional investors for gold, with 36% predicting prices could exceed $5,000 per troy ounce by the end of 2026 [1] Group 1: Investor Sentiment - Over 70% of institutional investors expect gold prices to rise in the upcoming year [1] - 27% of survey participants cite fiscal concerns as the main driver for gold purchases, while 38% point to central bank purchases [2] Group 2: Market Drivers - The global economic outlook, characterized by slowing growth and increasing inflationary pressures, continues to support gold prices [3] - Analysts project that geopolitical uncertainty and issues in China's housing market will contribute to rising gold prices [4] Group 3: Analyst Forecasts - Ed Yardeni forecasts gold could reach $5,000 by 2026 and $10,000 by 2030, while Jeffrey Gundlach also supports the $5,000 target, recommending a 15% portfolio allocation to gold [4] - Jamie Dimon from JPMorgan and analysts from Bank of America also predict gold prices will hit $5,000 by 2026 [4] Group 4: Current Market Performance - Gold prices have increased by 1.4% over the past year, reaching $4,217.8 per troy ounce, but saw a slight dip of 0.08% in the past month [5] - The SPDR Gold Trust, the largest physically backed gold ETF, traded at $387.88, reflecting a 1.24% increase [5]