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Goldman Sachs Reaffirms $5,400 Gold Target for End of 2026, Forecasts 60-Ton Monthly Central Bank Purchases

GateNews
Metals

According to Goldman Sachs, the bank reaffirmed its gold price target of $5,400 per ounce by the end of 2026, today (May 16). Goldman Sachs expects central bank gold purchases to increase, averaging 60 tons per month by 2026. The bank also noted that its updated 12-month moving average forecast shows central bank gold purchases at 50 tons per month in March, up from its prior forecast of 29 tons per month.

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