Goldman Sachs: By the end of 2026, the price of gold may reach $5,400 per ounce.

Sina Finance reported on March 31st that analysts at Goldman Sachs stated in a research report that by the end of 2026, the price of gold could reach $5,400 per ounce. These analysts said that gold currently looks oversold because speculative positions are low, and policy shocks reflected in the market are much more tightening than historical experience shows. Goldman Sachs economists continue to expect the Federal Reserve to cut interest rates twice in 2026, with the bank estimating that this will push the price of gold up by about $120 per ounce. Meanwhile, central bank demand remains a key support for the medium term, with Goldman predicting that central bank purchases could accelerate again, reaching an average of about 60 tons per month.