Goldman Sachs: Maintains optimistic overall outlook on gold, year-end target price of $5,400 per ounce

MarsBitNews · 2026-03-25T08:08:05+00:00

Goldman Sachs analyzed the recent decline in gold prices, attributing it primarily to rising interest rate expectations and market volatility. Although the decline was in line with expectations, Goldman Sachs remains optimistic, forecasting that gold will reach $5400 per ounce by year-end, supported by central bank gold purchases.

MarsBitNews

2026-03-25 08:08:05

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Mars Finance News, March 25 — Goldman Sachs stated that the recent decline in gold prices is generally in line with previous trends. The main factors driving the price drop are rising interest rate expectations and market volatility. Daan Struven, head of Goldman Sachs’ Global Commodities Research Department, said today: “Given our current pricing framework, this decline is not surprising.” The recent rally in gold has exceeded fundamental expectations, with some pullback reflecting a “certain degree of normalization.” However, Goldman Sachs remains optimistic overall, expecting gold prices to reach $5,400 per ounce by the end of the year. The reason is that ongoing central bank gold purchases by various governments to diversify assets (i.e., shift toward assets with “lower political and financial risks”) continue to support the market.

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