Central baks are buying gold
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Goldman Sachs Research forecasts that the price of gold will rise to $4,900 per troy ounce by the end of 2026, compared with $4,600 as of August 25.
The metal is expected to rise amid strong demand from central banks seeking to diversify their foreign currency reserves and as markets pare back expectations of US rate hikes in 2026.
Investors are using gold derivatives to hedge portfolios against large-scale changes in government policies, which could be making gold more volatile, according to Goldman Sachs Research.
Gold is projected to extend its recent gains in the second half of 2026, even as growing use of some derivatives tied to the metal could be making gold prices more volatile, according to Goldman Sachs Research.Goldman Sachs Research forecasts the precious metal will rise to $4,900 per troy ounce by the end of the year. Gold rallied 15% from its mid-July low to around $4,600 per troy ounce as of August 25.
The metal is expected to rise as central banks continue diversifying their reserves and markets scale back expectations for US rate hikes in 2026.
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