Goldman Sachs Predicts Gold Price Surge to $4,900 in 2026
Goldman Sachs has upped its gold price prediction for December 2026 to a staggering $4,900 per ounce. Meanwhile, markets are unsettled by the expected appointment of Sanae Takaichi as Japan's next prime minister.
Gold's current share in investors' portfolios is low, around a few percent, but a reasonable level is thought to be around 5%. Gold prices have been volatile this year, with the potential for a 50% surge due to President Donald Trump's actions on global trade and geopolitics.
Gold prices dipped to $3,976 per ounce today, a 0.01% decrease from the previous close. This comes amid increased uncertainty in financial markets, including the U.S. government shutdown and the political crisis in France. David Chao of Invesco Asset Management advises re-evaluating gold positions as a hedge against the U.S. dollar and preparation for new shocks. Gold futures with December delivery have peaked at $4,000, and the spot price is currently around $3,950.
Goldman Sachs' bullish forecast for gold prices in 2026 signals a potential long-term trend. In the short term, markets are reacting to political changes, with the expected appointment of Sanae Takaichi as Japan's next prime minister causing some unrest. Investors are advised to keep a close eye on gold as a potential safe haven.
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