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Goldman Sachs Stands by $4,900 Gold Forecast Despite 6% Price Dip
A recent 6% pullback in gold prices has not deterred Goldman Sachs, which maintains its bullish $4,900 per ounce forecast for the end of 2026. The precious metal saw a significant selloff on Tuesday, calling its recent rally into question. After surging to record highs above $4,300, the 6% drop brought gold down to trade around the $4,100 level. However, Goldman Sachs views this as a "temporary dip" rather than a fundamental change in the metal's bullish trajectory. The firm's analyst, Lina Thomas, stated on Wednesday that the long-term outlook remains strong, reiterating the $4,900 per ounce target. She explained ... (full story)
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- Oct 23, 2025 6:56pm Posted byFundamental Analysis231
