Goldman Sachs Adjusts Gold Forecast Goldman Sachs has aggressively revised its long-term outlook for precious metals, setting a new price target of **$5,400** per ounce by **2026**. This significant upward adjustment underscores the asset's continued momentum in the current market cycle. The valuation is underpinned by robust demand from private investors and a strategic pivot by emerging market central banks. These institutions are actively diversifying reserves to hedge against heightened global policy risks, creating sustained buying pressure. Future price action is expected to benefit from monetary easing. As the US Federal Reserve moves to lower interest rates, the opportunity cost of holding gold decreases, likely fueling further gains.