The Goldman Sachs Group considered that there is room for gold prices to rise to levels of more than $ 4,300 an ounce, stressing that it has always been optimistic about the precious metal in light of the increasing interest in individual investors.
A report published by the Bloomberg website quoted analysts, including Dan Strewenpien, in an analytical memo that strong and surprising flows to gold -backed boxes have exceeded the previous models of the bank.
They added that the possibility of individual investors directly towards diversifying their governor using gold is a “great upward risk” for their current expectations, which indicate that gold reached 4000 dollars an ounce by mid -2026, and 4300 dollars an ounce by the end of next year.
$ 5,000 in this case
The bank had stated a month ago that the price of gold may approach $ 5,000 to the ounce if the market witnessed investment flows equivalent to only 1% of the value of the US Treasury Market owned by the private sector.
Gold is one of the most powerful commodities during the recent period, as it has risen by 50% since the beginning of the year, bypassing the modified record according to the inflation that was recorded in 1980.
This height is attributed to the intense purchase of central banks and the return of the Federal Reserve to reduce interest rates.
Standard prices
Gold was traded at about $ 3865 an ounce on Thursday, maintaining a five -day rise, during which several records and an increasing approach to the next critical level, which is 4000 dollars.
This rise came amid the continued government closure in the United States, which strengthened financial concerns and increased pressure on the US dollar.
Since August 29, the price of gold has increased by 12%, after hacking the trading scope, which ranged between 3200 and 3450 dollars per ounce, the range in which most of the second and third quarters of this year remained.
Analysts stated that one of the catalysts behind this penetration is the possibility that central banks may have resumed buying gold at a faster pace after a seasonal calm period during the summer.
At the same time, they indicated that speculation only explains a small part of this last height.
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