Goldman Sachs: Central Banks Will Continue to Support Gold

In its report on the second half of the year, Goldman Sachs forecast that central bank gold demand will continue to support prices. The bank announced it expects gold to reach $4,900 per ounce by the end of 2026. The report emphasized that central bank gold purchases will remain strong due to global uncertainties and reserve diversification strategies. This is expected to create upward pressure on gold prices. Goldman Sachs also stated that the direction of U.S. equity markets will depend on corporate results announced during the second-quarter earnings season. It noted that the performance of major technology companies, in particular, will play a critical role in determining market trends. The bank added that investors should closely monitor macroeconomic data and geopolitical developments. The expectation of rising gold prices was linked to inflation concerns and potential changes in interest rates. This is not investment advice.

📊 GS — Piyasa Yorumu

■ neutral · 60%

While the news reflects Goldman Sachs' positive outlook on gold, the direct impact on the stock price may be limited. Technical indicators are giving mixed signals: RSI at 46 is in neutral territory, MACD is negative but approaching the signal line, and the price is just above the 20-day moving average but below the 50-day moving average. The short-term direction is unclear, so a neutral stance appears appropriate.

RSI 14

46.8

MACD

-5.07

24h Δ

-0.54%

📊 GLD — Piyasa Yorumu

▲ up · 65%

The news sets a positive tone by indicating that central bank support for gold will continue. Technical indicators also back this view: the RSI is at 60, leaving room for upside without entering overbought territory. The MACD line is above the signal line and in positive territory, signaling strong short-term momentum. The price is trading well above the 20- and 50-day moving averages, suggesting the uptrend remains intact. However, following a 3.46% gain in the last 24 hours, I am not highly confident as short-term profit-taking could occur.

RSI 14

60.7

MACD

1.62

24h Δ

3.46%

📊 GOLD — Piyasa Yorumu

▲ up · 65%

The news sets a positive tone by indicating that central bank support for gold will persist. Technical indicators also back this view: the RSI at 64 is not yet in overbought territory, the MACD remains above its signal line and maintains an upward trajectory. The price is trading above both the 20-day and 50-day moving averages, and has recorded a strong 6.8% gain in the last 24 hours. However, after such a rapid short-term rise, profit-taking may occur, so excessive optimism should be avoided. Overall, the uptrend is expected to continue in the near term.

RSI 14

64.2

MACD

0.59

24h Δ

6.83%

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