Gold's New Buyers: Private Capital Fuels Rally as Goldman Lifts Forecast to $5,400/oz
TL;DR
Goldman Sachs argues private-sector buyers have become a structural force in gold price formation, lifting its 2026 forecast to $5,400/oz and signaling further upside beyond a 2025 surge; ETF inflows into GLD/IAU and broader private demand (HNW purchases, gold-linked structures, options) underpin a new base level driven by macro policy risk, with limited room for supply to meet demand and rallies likely to persist unless perceived fiscal/monetary risks ease or central-bank buying falls off.
Topics:businessfinancemarkets#etfs#financemarkets#gold#goldmansachs#macro-policy-risk#private-sector-demand
- Gold Has A New Buyer In Town — And The Old Price Rules No Longer Apply Benzinga
- Gold tops $4,900 as Goldman Sachs ups year-end forcast Yahoo Finance
- With gold closing in on $5,000 milestone, Goldman Sachs again boost its target MarketWatch
- Goldman Sachs raises 2026-end gold price forecast by $500 to $5,400/oz Reuters
- Gold Price Races Toward $5,000. Why Silver and Platinum Could Outshine It. Barron's
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