Gold tops $4,900 as Goldman Sachs ups year-end forcast

Gold (GC=F) futures surpassed $4,900 for the first time on Thursday, hitting a series of record highs in just a few weeks. Goldman Sachs analysts raised their price target for the precious metal, citing strong demand from private-sector investors fueling 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 ...