Goldman Sachs Reaffirms its $4,900 Gold Forecast for 2026
Earlier this month, Goldman Sachs analysts released a note indicating that gold is slated to end this year selling at $4,900 for each ounce. This week, the bank released another research note reaffirming their earlier forecast and explaining their view of how bullion’s market could play out over the remaining months of 2026. The analysts say central bank accumulation of gold is continuing to provide an ever-rising price floor for the precious metal. According to official estimates, central banks bought 44 tons of gold this July, which was way higher than the 17-ton monthly average volume that used to be…