Gold prices have been sluggish this year, and currently goldman sachs According to research, many investors believe precious metal prices will reach an all-time high of $5,000 by the end of 2026.
Gold prices have risen 58.6% since the beginning of the year, topping the landmark $4,000 level for the first time on October 8th.
In a survey of more than 900 institutional investors on Goldman Sachs’ Marquee platform, 36% of respondents (the largest group) expect the price of gold to maintain momentum and exceed $5,000 per ounce by the end of next year.
Another 33% expect product prices to be between $4,500 and $5,000, according to a poll conducted Nov. 12-14.
According to Goldman Sachs, more than 70% of institutional investors expect gold prices to rise next year. In contrast, just over 5% of those surveyed expect prices to return to between $3,500 and $4,000 over the next 12 months.
Gold prices rose to a two-week high on Friday, boosted by hopes of a Federal Reserve rate cut, with the spot price rising 0.45% to $4,175.50. gold futures It was trading at $4,187.40, up 0.53%.
gold futures.
In the survey, 38% of respondents highlighted central bank gold purchases as the main driver of price increases, while 27% said fiscal concerns.
Investors ranging from individuals to hedge funds have turned to commodities, traditionally seen as safe-haven assets in times of turmoil, this year as a protective hedge against inflation risks, geopolitical rifts and a weakening dollar.
Central banks around the world are also attracting capital, drawn to gold’s high liquidity, lack of default risk and near-neutral status as a reserve asset.
Phil Streible, chief market strategist at Blue Line Futures, said the bull market in gold is likely to continue into 2026.
“The global economic outlook continues to support gold,” Strible told CNBC’s “Power Lunch” on Nov. 20, adding that many countries continue to face lower growth and higher inflation.
Other investors are also entering the mining space to invest in this product.
Blue Whale Capital’s Stephen Yiu told CNBC’s “Early Edition Europe” earlier this month: Newmontthe world’s largest gold mine.
Carson Block, founder of Muddy Waters Capital and known short seller, reveals unusual long phone call to Canadian junior miner snow line gold At this year’s Son London Investment Conference. Block said he believes the company is an attractive acquisition candidate in a sector that is undergoing consolidation.
