Goldman Sachs Forecasts Gold at $4,900/oz by End-2026, With Derivatives Hedging Adding Upside Potential

Goldman Sachs Research expects gold prices to reach $4,900 per ounce by the end of 2026, fueled by strong central bank buying to diversify reserves. Analysts Lina Thomas and Daan Struyven highlight this as a key structural driver amid geopolitical uncertainties.