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Gold Tops $4,900 as Goldman Sachs ups Year-end Forecast
Gold (GC=F) futures surpassed $4,900 for the first time on Thursday as Goldman Sachs analysts raised their price target on the precious metal, citing private-sector investors jumping into the rally. “We raise our Dec2026 gold price forecast to $5,400/toz (vs. $4,900 prior) because the key upside risk we have flagged — private sector diversification into gold — has started to realize,” Goldman’s Daan Struyven and his team said in a note on Wednesday night. The analysts predict that private-sector buyers diversifying their portfolios won’t be selling this year, helping keep prices elevated. Goldman Sachs ... (full story)
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From wtvbam.com | Jan 22, 2026
Gold pushed past $4,900 per ounce for the first time on Thursday, powered by ongoing geopolitical tensions, a softer U.S. dollar and expectations of Federal Reserve interest rate cuts, while silver and platinum prices also hit fresh record highs. Spot gold climbed to a record peak of $4,904.66 per ounce, as of 12:50 p.m. ET (17:50 GMT). U.S. gold futures ...
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