Goldman Sachs Reportedly Maintains Gold Target at $4,900 as Kitco Survey Points to $4,509

Goldman Sachs reportedly maintained its gold price target at $4,900 per ounce by the end of 2026, refusing to alter its long-term bullish stance despite the recent price pullback, while Kitco's weekly survey of market analysts indicated a median forecast of around $4,509 per ounce.

Goldman Sachs bases its assessment on a set of structural factors supporting gold, including continued central bank purchases at a record pace and rising demand for safe-haven assets amid global geopolitical and financial uncertainty.

More broadly, analysts surveyed by Kitco appear less optimistic than Goldman Sachs, yet their median forecast of $4,509 still represents potential upside from current trading levels near $4,308.

In light of these forecasts, gold's current dip is viewed as a strategic buying opportunity by many major institutions, with a bearish scenario remaining rejected unless major market fundamentals shift.