The report notes, "We remain Overweight on gold, with 3- and 12-month price targets at USD 4,350/oz and USD 4,800/oz, respectively. Ongoing Emerging Market (EM) central bank demand and supportive macro conditions should sustain gold's rally." It expects gold to extend its multi-year rally, s
Gold is expected to remain the standout performer among commodities in 2026, supported by strong central bank demand and rising geopolitical risks, according to Goldman Sachs' latest commodities outlook.