7 Gold Price Predictions for 2026: Goldman Sachs Target and Global Projections!

Jakarta, Pintu News – Gold price predictions for 2026 are back in market focus after global investment bank Goldman Sachs raised its target, sparking discussion on the outlook for the precious metal amid global economic and geopolitical uncertainty.

1. Goldman Sachs Gold Price Target Increases

Goldman Sachs has raised its gold price projection for the end of 2026 to US$5,400 per ounce from US$4,900 per ounce previously. The revision reflects the view that gold demand will remain high due to asset diversification by the private sector and central banks in emerging markets. If the target is achieved, the gold price in Indonesia could be equivalent to around IDR2,543,000 per gram(US$5,400 ≈ IDR16,815 × 31.1035 grams), making it one of the highest levels in the history of market predictions.

This demand for gold by institutional investors is driven by the desire to hedge portfolios against global monetary policy risks and volatility in riskier assets such as stocks and crypto. This change in target is also due to the trend of physical gold and ETF purchases by investors seeking long-term hedging.

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2. Strong Gold Demand Structure

Global gold demand remains supported by purchases by central banks in developing countries with an average purchase of about 60 tons per month. Central banks use gold as a reserve diversification from traditional fiat currencies such as the US dollar. This suggests that gold is still seen as an important hedging asset ahead of 2026, especially when markets face macroeconomic uncertainty.

Retail investors also added to demand through ETFs and physical purchases, which helped strengthen gold price fundamentals. This combined demand is helping to underpin higher price projections at the end of 2026.

3. Mid-Year Outlook: Test US$5,000 Level

Technical and market analysts predict that gold could test the US$5,000 per ounce level by mid-2026. This is considered an important psychological level as it is above the historical price records that have been achieved previously. If selling pressure is insignificant, price momentum could resume this uptrend in the second half of the year.

Testing US$5,000 per ounce means that gold continues to demonstrate its role as a diversification instrument in portfolios that also include stocks and cryptocurrencies. In the context of global market volatility, this level is a measure of the strength of the medium-term trend.

4. Influence of US Monetary Policy

Gold price movements are also influenced by the interest rate policy of the US Federal Reserve. Expectations of interest rate cuts may encourage investors to seek non-yielding assets such as gold. The prospect of looser interest rates is expected to strengthen demand for physical investments and gold ETFs.

As interest rates decline, the opportunity cost of holding gold relatively decreases, so investors tend to move some of their funds from interest-based assets to precious metals as a hedge.

5. Volatility and Risk of Price Movement

Although long-term projections point to an upward trend, the gold market remains vulnerable to short-term price volatility. Factors such as changes in geopolitics, monetary stability, and global market dynamics can cause temporary price corrections. Investors need to be mindful of these risks before making investment decisions.

Gold prices don’t always move linearly; periods of consolidation can occur even when fundamental trends remain strong. This means investors should be prepared for price fluctuations when assessing investment opportunities.

6. Comparison of Other Institutions’ Projections

In addition to Goldman Sachs, a number of other research institutions have also provided gold price predictions for 2026. For example, HSBC expects gold to reach around US$5,000 per ounce by 2026, while some independent analysts even place the highest estimate above US$5,500 per ounce.

This variation in projections shows that while the general consensus is an upward trend in gold prices, some differences in macro assumptions and global demand mean that target ranges can vary between institutions.

7. Impact for Indonesian Investors

For investors in Indonesia, the projected gold price in 2026 means that the potential upside value of physical assets in rupiah could be significant. With a conversion rate of US$1 ≈ IDR16,815, the US$5,400 per ounce target is equivalent to around IDR2.54 million per gram if converted directly without local trading premiums.

Investors considering gold as a portfolio diversifier should combine these price predictions with an analysis of other risks, including stock market volatility and digital assets like crypto. With careful planning, gold can be part of a broader long-term hedging strategy.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Finance Magnates. This New Gold Price Prediction from Goldman Sachs Shows How High Will Gold Go in 2026. Accessed January 27, 2026