On February 7th, Goldman Sachs stated that as the central bank continues to purchase gold and ETF holdings gradually increase after the Federal Reserve cuts interest rates, this will continue to support its forecast for gold prices to reach $3000 per ounce in the second quarter of 2026. If the uncertainty of tariffs weakens and investment positions return to normal, it is expected that there will be moderate tactical downward space for gold prices. Due to the potential continued escalation of policy uncertainty in the United States, leading to increased demand for safe haven among central banks and investors, there is an upward risk to the gold target of $3000 per ounce.
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