Goldman sees gold at $4,900 by December 2026, projects oil price decline; copper remains favored industrial metal
PositiveFinancial Markets
- Goldman Sachs has projected that gold prices could reach $4,900 per ounce by December 2026, while also forecasting a decline in oil prices. The firm continues to favor copper as a key industrial metal amidst fluctuating market conditions.
- This forecast is significant as it reflects Goldman Sachs' confidence in gold as a safe-haven asset, particularly in light of ongoing economic uncertainties. The anticipated rise in gold prices could influence investor strategies and market dynamics in the coming years.
- The outlook for gold aligns with broader market sentiments, where other financial institutions also express optimism for gold's performance, while caution surrounds copper's recent price volatility. The contrasting views on commodity prices highlight the complexities of market predictions and the varying factors influencing investor confidence.
— via World Pulse Now AI Editorial System