Goldman Sachs Survey Shows Institutional Investors Bullish on Gold, Eye $5,000 By 2026

<p>A <strong>Goldman Sachs</strong> <a href="https://www.benzinga.com/quote/GS" target="_blank" class="ticker-link" data-ticker="GS" data-exchange="NYSE" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GS">GS</a>)</a> survey of more than 900 institutional investors found strong optimism for gold, with 36% predicting prices could top $5,000 per troy ounce by the end of 2026.</p>



<p>According to a survey conducted on Goldman Sachs&#8217; Marquee platform from November 12–14, over 70% of institutional investors expect gold prices to rise further in the upcoming year, according <a href="https://www.cnbc.com/2025/11/28/goldman-sachs-investor-poll-gold-can-top-5k-in-2026-.html">to</a> CNBC.</p>



<h2 class="wp-block-heading"><strong>Key Drivers</strong></h2>



<p>Fiscal concerns were cited by 27% of survey participants as the main driver of gold purchases, while 38% cited central bank purchases. </p>



<p><strong>See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/11/49120626/whats-going-on-with-ishares-silver-trust-today">What&#8217;s Going On With iShares Silver Trust Today?</a></strong></p>



<p><strong>Phil Streible</strong>, chief market strategist at Blue Line Futures, told CNBC that &#8220;the global economic outlook continues to support gold,&#8221; citing slowing growth and growing inflationary pressures.</p>



<h2 class="wp-block-heading"><strong>Analyst Forecasts Align</strong></h2>



<p><strong>Ed Yardeni</strong>, a market veteran, projected in October that gold could reach $5,000 by 2026 and <a href="https://www.benzinga.com/markets/commodities/25/10/48043500/gold-price-forecasts-2026-5000-4000-record-highs-yardeni">$10,000 by 2030</a>, citing geopolitical uncertainty and a collapse in China's housing market.</p>



<p>DoubleLine Capital&#8217;s <strong>Jeffrey Gundlach</strong> also echoed the $5,000 target, calling gold a recognized &#8220;<a href="https://www.benzinga.com/markets/commodities/25/11/48970084/jeffrey-gundlach-warns-of-speculative-us-markets-call-gold-real-asset">real asset class</a>&#8221; and his top investment idea while recommending 15% portfolio allocation.</p>



<p><strong>Bank of America</strong> <a href="https://www.benzinga.com/quote/BAC" target="_blank" class="ticker-link" data-ticker="BAC" data-exchange="NYSE" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BAC">BAC</a>)</a> and<strong> JPMorgan</strong>&#8216;s <a href="https://www.benzinga.com/quote/JPM" target="_blank" class="ticker-link" data-ticker="JPM" data-exchange="NYSE" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/JPM">JPM</a>)</a> <strong>Jamie Dimon</strong> also <a href="https://www.benzinga.com/markets/commodities/25/10/48248158/gold-prices-central-bank-buying-donal-trump-tariffs-5000-2026">forecast $5,000 gold by 2026</a>.</p>



<h2 class="wp-block-heading">Current Market Performance</h2>



<p>Gold edged higher over the past year, reaching $4,217.8 per troy ounce, a gain of 1.4%. Over the past month, however, it saw a slight dip, slipping 0.08% to $4,216.7, according <a href="https://tradingeconomics.com/commodity/gold">to</a> TradingEconomics.</p>



<p>The <strong>SPDR Gold Trust</strong> <a class="ticker-link" data-ticker="GLD" data-exchange="NYSE" href="https://www.benzinga.com/quote/GLD" target="_blank" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GLD">GLD</a>)</a>, the largest physically backed gold ETF, traded at $387.88, up 1.24% on Thursday.</p>



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<p><em>Photo:</em> <em>Shutterstock</em></p>



<p><strong>Disclaimer:</strong> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</p>