Goldman Sachs raises 2026 gold price target to $5,400/oz as private sector joins central bank diversification strategy

(Kitco News) – The private sector is following the trend set by central banks by diversifying into gold, prompting Goldman Sachs to raise its year-end gold price target by more than 10%.Just weeks after setting a year-end target of $4,900 per ounce, the banking giant announced on Wednesday that it was raising its December 2026 price target to $5,400 an ounce.