On Thursday evening, the global gold market saw a noticeable decline in prices after quotes reached an all-time high during the session. Specifically, December gold futures on the Comex exchange fell by 1.1% to $3854.6 per ounce by 16:56 Kyiv time, while earlier the price had risen to $3923.3 per ounce.
This is reported by Finway
Investor Interest Supports Growth Potential
Analysts at investment bank Goldman Sachs are confident that gold has significant potential for further growth. They attribute this mainly to increased interest from retail investors. In particular, the bank’s experts, led by Daan Struyven, note that the influx of capital into gold-focused exchange-traded funds exceeds previous forecasts.
“If this trend continues, the price of gold could surpass the bank’s forecasts of $4,000 per ounce by mid-2026 and $4,300 per ounce by the end of next year.”
Forecasts for the Future of Gold
Earlier, Goldman Sachs experts noted that gold could rise to $5,000 per ounce if retail investors decide to invest even 1% of the capital currently directed towards U.S. government bonds into this precious metal. This indicates that the gold market remains extremely sensitive to changes in investment strategies and the sentiments of market participants.