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Goldman Sachs Reaffirms 2026 Gold Price Target of $4,900

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Goldman Sachs reaffirmed its 2026 gold price target of $4,900, citing central bank demand and Fed rate cuts. The firm expects 70 tons of monthly central bank gold purchases and noted that a 1 basis point shift in private investor allocation could lift prices by 1.4%. With ongoing crypto price volatility, altcoins to watch may gain attention as investors seek alternative assets. Goldman also sees a 2 million barrel per day oil surplus pushing Brent crude to $56 by 2026.
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