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Gold will rise 6% higher by Q2 2026 on demand from new buyers – Goldman Sachs Research

From kitco.com

Gold prices will gain an additional 6% by the middle of 2026 as fresh demand from key groups of buyers will drive the yellow metal to new record highs, according to Goldman Sachs Research led by analyst Lina Thomas. The research team predicts the gold price will rise to $4,000 per ounce by the middle of next year – up from $3,772 on September 24 – Thomas wrote in the report. The new forecast is driven by “strong structural demand from central banks and easing from the US Federal Reserve (which supports ETF demand for gold).” {chart} The analysts said buyers of gold fall into two broad groups. “Conviction buyers tend ... (full story)

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  • Category: Fundamental Analysis