The potential for private investors to diversify significantly into gold presents a “large upside risk” to their forecast of US$4,000 ($5,151.75) per ounce for mid-2026 and US$4,300 per ounce for the end of next year.
Goldman Sachs, long bullish on gold, said there’s room for the precious metal to rally even higher than its forecast, citing interest from private investors.
Surprisingly strong inflows to bullion-backed exchange-traded funds have exceeded their previous model, analysts including Daan Struyven said in a note.
