Gold Expected to Surge to $4,000 per Troy Ounce by Mid-2026, According to Goldman Sachs Expert
A commodities researcher at the banking giant Goldman Sachs has made a bold prediction, stating that gold is expected to surge to $4,000 per troy ounce by mid-2026. Daan Struyven, Goldman’s co-head of global commodities research, shared this forecast in a recent discussion with the energy-focused strategy firm Veriten.
Currently, gold is priced at $3,310.74 per troy ounce. Struyven highlights the similarities between gold and Bitcoin, noting that both assets have limited supply which appeals to investors in the current economic climate.
“Supply is very limited. The vast majority of the available gold supply has already been mined, and Bitcoin supply, by design, is limited. This limited supply provides confidence to investors concerned about potential inflation due to a significant increase in the money supply,” Struyven explained.
While Bitcoin has shown higher returns compared to gold in recent years, it is also more volatile and sensitive to market fluctuations. Struyven points out that Bitcoin is more positively correlated with tech equities, making gold a more effective safe-haven asset for hedging against equity downside.
“Both Bitcoin and equities tend to perform well when risk sentiment is positive,” Struyven added.
At the time of writing, Bitcoin is trading at $109,078 after reaching a new all-time high of $111,814 last week. The cryptocurrency has seen a 2.5% increase in the past week and a 16% rise in the past month.
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