Goldman Sachs has raised its 2026-end gold price forecast to $5,400/oz, a $500 increase. Other banks have also made predictions, with some expecting higher prices, such as J.P. Morgan and UBS forecasting $6,300/oz and $6,200/oz, respectively, and Deutsche Bank predicting $6,000/oz. However, there is some uncertainty as J.P. Morgan is also reported to have a long-term forecast of $4,500 an ounce, which is lower than its other prediction.