Goldman Sachs bets gold could reach 4900/oz by 2026
TL;DR Summary
Goldman Sachs says gold has more upside and could hit about $4,900 per ounce by end-2026, driven by structural factors like EM central-bank diversification and rising gold reserves; near-term headwinds include a hawkish Fed and weaker ETF demand, but the bank expects these to ease as macro conditions shift and investors diversify into gold.
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