Recently, there has been concern about the surge in gold prices. According to analysis by Goldman Sachs, gold could rise to $5,400 per ounce by the end of 2026. The reason is that central banks continue to increase their gold holdings, and investors are accumulating gold in anticipation of future interest rate cuts.

In fact, looking at recent news, the upward trend in gold prices has become quite clear. Not only private investors but also central banks around the world are continuing to buy gold. As expectations grow that the Federal Reserve will soon cut interest rates, funds are flowing into gold as an inflation hedge.

It’s worth paying close attention to how high prices could go over the next nine months.