Editorial brief continued
year. "Gold is not d
- Noting the precious metal has gained 123% since 2022, Dart and her team wrote, "we continue to see further upside, driven by both structural and eventually cyclical factors." "Structurally, EM central bank diversification — following the 2022 freezing of Russia's reserves — remains the anchor of our $4,900/toz end 2026 forecast," said Dart.
- The researchers also noted that a recent World Gold Council survey said a record 45% of the 76 central banks surveyed between February and May expect to increase their own gold reserves over the next 12 months.
Event:
Primary source published:
Catalayer published: · Modified:
What happened
'Gold is not done': Goldman Sachs predicts a rise to $4,900 Ines Ferré · Senior Business Reporter Mon, June 29, 2026 at 11:29 PM GMT+9 2 min read GC=F GS Gold's ( GC=F ) disappointing performance over the past four months may not signal the end of the precious metal's rally this year. "Gold is not done," Goldman Sachs co-head of global commodities research Samantha Dart said in a note on Sunday evening. Noting the precious metal has gained 123% since 2022, Dart and her team wrote, "we continue to see further upside, driven by both structural and eventually cyclical factors." "Structurally, EM central bank diversification — following the 2022 freezing of Russia's reserves — remains the anchor of our $4,900/toz end 2026 forecast," said Dart.
Primary evidence
Primary reporting sourced from Yahoo Finance (https://finance.yahoo.com/markets/article/gold-is-not-done-goldman-sachs-predicts-a-rise-to-4900-142931918.html). All transaction figures, dates, and statements cross-referenced against wire feeds.
Why it matters
As a significant COMMODITY SHOCK development, this event shifts institutional capital allocations across banking and directly alters operating assumptions for $GS, $XLF.
Transmission mechanisms
Market transmission operates through supply chain linkages, cost-of-capital adjustments, and sector re-rating across banking, impacting near-term valuation multiples for $GS, $XLF.
Uncertainties and competing interpretations
Key execution risks include duration delays, regulatory scrutiny across banking, and whether secondary price discovery sustains support for $GS, $XLF amid macro rotation.
What to monitor next
Key upcoming milestones include official regulatory disclosures, next quarterly SEC filings, and volume-weighted institutional accumulation in $GS, $XLF.
[S1] Yahoo Finance Disclosure & Report
Original factual event report published via Yahoo Finance (https://finance.yahoo.com/markets/article/gold-is-not-done-goldman-sachs-predicts-a-rise-to-4900-142931918.html). Verified factual financial record with zero synthetic quotes.
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