Latest news! Goldman Sachs expects gold prices to rise to $4,900 by the end of the year

新浪财经2026/09/03 05:05

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The research department of Goldman Sachs predicts that by the end of this year, the international gold price could rise to $4,900 per ounce.

Due to central banks around the world actively seeking to diversify their foreign exchange reserves, strong gold purchasing demand is benefiting the international gold price.

Lina Thomas and Daan Struyven from Goldman Sachs’ research department believe that expectations around the Federal Reserve’s monetary policy are also an important factor pushing up international gold prices. Market expectations for a Federal Reserve rate hike in 2026 have eased, which is favorable for gold prices, and demand from some investors is gradually recovering from the weakness seen in the first half of the year. The latest U.S. August private employment data was much worse than expected, reducing the pressure on the Federal Reserve to raise interest rates.

The proportion of gold in private investment portfolios is still relatively low, and global geopolitical risks could drive this proportion higher. Thomas and Struyven explained that

as investors use call options on gold to hedge against significant changes in U.S. government policy, demand for gold options is rising, which could intensify two-way price volatility.

With the rise in international gold prices, some call options are approaching key strike price levels, forcing options traders who sold these call options to buy gold to hedge their short positions in the metal, thereby accelerating the rebound in international gold prices.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Latest news! Goldman Sachs expects gold prices to rise to $4,900 by the end of the year

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