Gold hovers near record highs as Goldman Sachs lifts year-end forecast to $5,400

Gold (GC=F) hovered near record territory above $4,870 on Thursday as Goldman Sachs analysts raised their price target on the precious metal, citing private sector investors jumping into the rally. “We raise our Dec2026 gold price forecast to $5,400/toz (vs. $4,900 prior) because the key upside risk we have flagged—private sector diversification into gold—has started to realize,” Goldman’s Daan Struyven and his team said in a note on Wednesday night. The analysts predict that private sector buyers divers ...