Goldman Sachs maintains its forecast of $4900 gold price by the end of 2026, indicating the risk of two-way volatility

Goldman Sachs maintains its forecast of $4900 per ounce for gold prices by the end of 2026 and believes that the forecast faces a net upward risk. Goldman Sachs stated that the sustained strong demand from central banks, the recovery of ETF fund inflows, and the continued holding of call options may push gold prices beyond forecasts; If the expectation of the Federal Reserve raising interest rates heats up, traders hedging and closing positions may lead to a sharp correction in gold prices. (Source: Federal Reserve)