[Goldman Sachs: Central Banks May Purchase Large Amounts of Gold in November, Maintaining Year-End 2026 Gold Price Forecast of $4,900] According to a report by Golden Finance, Goldman Sachs stated that central banks might purchase significant amounts of gold in November, continuing a multi-year trend of diversifying reserves to hedge against geopolitical and financial risks. In a report, Goldman Sachs reiterated its forecast that gold prices will reach $4,900 by the end of 2026. If private investors continue to diversify their portfolios, gold prices could rise further. So far this year, gold prices have increased by 55%, driven primarily by economic and geopolitical concerns, increased inflows into exchange-traded funds, and expectations of further interest rate cuts in the U.S. Goldman Sachs estimated that central banks purchased 64 tons of gold in September, up from 21 tons in August.