Gold price will hit $4,900/oz in 2026 on strong sovereign demand as China buys 75% more than reported in July – Goldman Sachs - kitco.com
Gold price will hit $4,900/oz in 2026 on strong sovereign demand as China buys 75% more than reported in July – Goldman Sachs - kitco.com
Source: kitco.com
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DW NOTE
Goldman's $4,900 target rests on the claim that China bought 75% more gold than it reported in July. If that's true, Beijing has been systematically misreporting reserves while the Fed was tightening into a supply shock — which would make every PBOC statement since February an exercise in misdirection. If it's false, Goldman is marketing a price target with fictional demand data.