Goldman Sachs sees gold price at $4,900/oz by year-end, but investors hedging through gold derivatives could drive it even higher

Gold prices will rise to $4,900 per ounce by the end of 2026 amid strong demand from central banks seeking to diversify their foreign currency reserves, while investors using gold derivatives to hedge may be making the yellow metal more volatile, according to Goldman Sachs Research. “Gold is projected to extend its recent gains...