BlockBeats News, October 7th: Goldman Sachs has raised its December 2026 gold price target from $4300 per ounce to $4900 per ounce. The reason for the increase includes strong Western ETF inflows and expectations of continued gold purchases by various central banks. Goldman Sachs stated: “We believe that, with the revised upward gold price target, the overall risk remains skewed to the upside. This is because if the private sector allocates assets to the relatively small-scale gold market for diversification, it may drive ETF holdings above our estimated levels based on the interest rate model.” (FX678)
