On October 23rd, Goldman Sachs maintained its target price for gold to reach $4,900 per ounce by the end of 2026. Goldman Sachs said that due to the growing interest in gold as a strategic portfolio diversification tool, we still believe that the risk of gold prices breaking through the forecast target of $4,900 by the end of 2026 is increasing. We believe that "sticky" and structured buying will continue.
Goldman Sachs maintains its target price for gold to reach $4,900 an ounce by the end of 2026. Goldman Sachs said that due to the growing interest in gold as a strategic portfolio diversification tool, we still believe that the risk of gold prices exceeding the forecast target of $4,900 by the end of 2026 is rising. We believe that "sticky" and structured buying will continue. (Gold Ten)
Goldman Sachs maintained its bullish forecast for copper, expecting prices to reach $10,200 a tonne in the fourth quarter of 2025.