Goldman Sachs: Raises December Gold Price Forecast for Next Year to $4,900

ChainCatcher news, according to Gelonghui, Goldman Sachs has raised its gold price forecast for December 2026 to $4,900 per ounce, up from the previous forecast of $4,300. Goldman Sachs noted that despite the upward revision of the gold price forecast, market risks remain skewed to the upside. Goldman Sachs expects that the net gold purchases by central banks worldwide will average 80 tons in 2025 and 70 tons in 2026, as emerging market central banks may continue to structurally diversify their foreign exchange reserves by increasing their gold holdings.