ANZ Bank predicts that gold may reach $5800 by the end of the year, while Goldman Sachs maintains its expectation of $5400

Analysts from institutions such as ANZ Bank and Goldman Sachs believe that the resilience of central bank demand, geopolitical uncertainty, expectations of Fed interest rate cuts, and diversified investment in US dollar assets support a long-term bullish outlook for gold. ANZ Bank expects gold prices to reach $5800 by the end of the year and predicts that the central bank will purchase approximately 850 tons of gold in 2026. Goldman Sachs maintains an expectation of $5400, believing that long-term conflicts may accelerate Western asset diversification and support gold prices.