TechFlow, October 7 — According to Jinshi Data, Goldman Sachs has raised its forecast for gold prices in December 2026 from $4,300 per ounce to $4,900 per ounce. The revision is attributed to strong inflows into Western ETFs and expected continued central bank purchases of gold. Goldman Sachs stated: "We believe the overall risks to our upgraded gold price forecast remain skewed to the upside. This is because if the private sector allocates assets into diversification within the relatively small gold market, it could drive ETF holdings beyond the levels estimated by our interest rate model."
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