Goldman hikes December 2026 gold price forecast to $4,900/oz

[Dutch Uncle]

Thanks for the chaos, Trump! The price of gold hit a record $4000 this week and with higher prices in the future as the Orange Jesus keeps weakening the US economy and the value of the US dollar.

While some are stocking up on gold bars in their underwear drawers, I'm stocking up on ammo and toilet paper. In a collapse of the economy, ammo and toilet paper will be much more valuable than a piece of metal. In the event of a civil war, it's a simple matter of going over to a MAGAt's house, shoot them and take their gold. LOL

MAGAts have been fed a constant stream of "buy gold" from Fox News for well over a decade. Every MAGAt has some gold hidden in their house/trailer or silver and should be easy to pick off from a few hundred yards away when they step outside.

Goldman hikes December 2026 gold price forecast to $4,900/oz

Goldman Sachs raised on Monday its December 2026 gold price forecast to $4,900 per ounce from $4,300, citing strong Western exchange-traded fund (ETF) inflows and likely central bank buying.

www.reuters.com

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Goldman hikes December 2026 gold price forecast to $4,900/oz​

- Goldman Sachs raised on Monday its December 2026 gold price forecast to $4,900 per ounce from $4,300, citing strong Western exchange-traded fund (ETF) inflows and likely central bank buying.

"We see the risks to our upgraded gold price forecast as still skewed to the upside on net, because private sector diversification into the relatively small gold market may boost ETF holdings above our rates-implied estimate," Goldman said....
Gold has climbed 51% so far this year on strong central bank buying, increased demand for gold-backed ETFs, a weaker dollar and growing interest from retail investors seeking a hedge against rising trade and geopolitical tensions.

 

[Walt]

Not a good sign. People are scared.

 

[Hawkeye10]

Not a good sign. People are scared.

Todays crypto crash was hugely damaging.....but it is just the beginning.