GOLDMAN SACHS SEES GOLD REACHING $4,900Goldman Sachs is targeting $4,900/oz for Gold by the end of 2026, but what Henry finds more important is the capital flow behind that target.
Central banks are expected to continue purchasing around 50 tonnes of Gold per month, while reduced pressure from the Fed and stronger private investor allocation to Gold could provide additional support for the long-term trend.
Another important factor is the options market, which could amplify volatility. As Gold rises, hedging activity may generate additional buying pressure. However, the same mechanism could also accelerate declines when the market reverses.
Henry’s View: $4,900 is an important target to watch, but it is not a reason to BUY Gold at any price. The bigger trend may still have room to grow, but entry timing and risk management will determine whether we can successfully ride that trend.
