Goldman Sachs significantly raises gold price forecasts on January 22, adjusting the 2026 year-end target from $4,900 to $5,400 per ounce. Goldman Sachs pointed out that continued buying by private investors and central banks worldwide is driving up competition for limited gold supplies, with an estimated average monthly central bank gold purchases of about 60 tons this year. Meanwhile, amid the Federal Reserve's rate cuts, gold ETF holdings are also expected to rebound.

Against the backdrop of multiple institutions turning optimistic, gold prices have surpassed $4,800 per ounce, hitting a new all-time high. The London Bullion Market Association (LBMA) survey shows that most analysts expect gold prices to reach $5,000 this year. More aggressive predictions come from a certain exchange, where a commodities strategist believes gold could rise to $7,150 under extreme scenarios. Institutions generally agree that geopolitical tensions, declining real interest rates, and the "de-dollarization" trend are continuously strengthening gold's position as the ultimate safe-haven asset globally. #SpotGoldHitsNewHigh