Goldman Sachs: Raises December gold price forecast for next year to $4,900

ChainCatcher news, according to Gelonghui, Goldman Sachs has raised its gold price forecast for December 2026 to $4,900 per ounce, up from a previous forecast of $4,300. Goldman Sachs stated that despite the upward revision of the gold price forecast, market risks still lean towards the upside. Goldman Sachs expects that the net gold purchases by central banks in 2025 and 2026 will average 80 tons and 70 tons respectively, as central banks in emerging markets may continue to diversify their foreign exchange reserves structurally by increasing their gold holdings.