Goldman Sachs lowered its gold price targets for the end of 2026 and 2027, while retaining a positive longer-term view supported by central-bank buying and other factors.
Its end-2026 projection is now $4,150 an ounce, down from $4,650. The end-2027 target fell to $4,800 from $5,400. The revisions appeared in a Nov. 5 report. Goldman analysts Lina Thomas and Daan Struyven said central-bank purchases are expected to continue.
Goldman tied its longer-term view to eventual declines in U.S. interest rates and persistent concern about foreign-exchange reserve security. EconoTimes has previously reported on Goldman’s view that central-bank demand can support gold prices.
Macro strategist Stephen Innes, who focuses on foreign exchange and commodities, linked weaker private investor interest to the Fed’s restrictive stance. He said leveraged traders and options-focused investors were among those whose appetite was affected, while central banks continued buying gold.
