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TechFlow News, May 16: Goldman Sachs maintains a bullish outlook on gold and reaffirms its year-end 2026 target of $5,400 per ounce. Goldman Sachs expects central banks’ gold purchases to increase, averaging 60 tonnes per month through 2026. The firm also notes that its updated 12-month moving average forecast indicates central banks purchased 50 tonnes of gold per month in March, up from the prior forecast of 29 tonnes per month. (Jinshi)
Goldman Sachs remains bullish on gold and reaffirms its year-end 2026 target of $5,400 per ounce. Goldman Sachs expects central banks’ gold purchases to increase, averaging 60 tonnes per month through 2026. The firm also notes that its updated 12-month moving average forecast indicates central banks’ gold purchases reached 50 tonnes per month in March—up from a prior forecast of 29 tonnes per month. (Jin10)
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