Goldman Sachs polled institutional investors on gold, and found many expect it to hit $5K next year | Metals Mine

  • Goldman Sachs polled institutional investors on gold, and found many expect it to hit $5K next year

    From cnbc.com

    Gold has been on a tear this year, and now a Goldman Sachs survey shows many investors think the precious metal will hit a new all-time high of $5,000 by the end of 2026. Gold prices have rallied 58.6% year-to-date, and broke through the landmark $4,000 level for the first time on Oct. 8. In a survey of more than 900 institutional investor clients on Goldman Sachs’ Marquee platform, 36% of respondents — the largest cohort — expect gold to maintain its momentum and exceed $5,000 per troy ounce by the end of next year. A further 33% expect the commodity to reach between $4,500 and $5,000, according to the poll, ... (full story)

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