Multiple institutions are bullish on gold, with a year-end target price of $6000.

Goldman Sachs maintains a bullish view on gold and predicts that the price of gold will rise again by the end of 2026. Analysts Lina Thomas and Daan Struyven stated in their report at the end of March that the medium-term outlook for gold remains strong, with prices potentially reaching $5400 per ounce, citing ongoing central bank purchases and expectations of two more interest rate cuts in the US this year as main reasons. They mentioned that in the short term, there is still a risk of tactical downward movement in gold prices, with prices potentially falling to $3800 per ounce if there is an intensification of energy supply shocks. However, if the war in Iran can accelerate investors' shift from "traditional Western assets" to other diversified assets, then there is still significant room for upward movement in gold prices. As of April 13th, Swiss private bank Reyl & Cie is leveraging the dip to rebuild its gold position and maintain their year-end target price of $6000 per ounce.