Goldman Sachs forecasts gold prices to reach $5,400 an ounce by year-end

15 articles · Updated · Barron's · Apr 29

The bank cites central bank diversification and expects around 50 basis points of Federal Reserve rate cuts in 2026.
Goldman Sachs notes official-sector demand remains strong despite market volatility, but warns near-term risks could arise if geopolitical tensions prompt further liquidation.
In the medium term, the bank sees geopolitical uncertainty and fiscal concerns accelerating global diversification into gold, supporting a continued upward price trajectory.

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