Goldman Sachs Predicts Oil and Gold Market Trends for 2026

According to PANews, Goldman Sachs has released its 2025-2026 commodities outlook report, forecasting significant changes in global oil and gold markets. The report anticipates 2026 as the final year of global oil supply fluctuations, with an expected surplus of 2 million barrels per day leading to a decline in Brent crude prices, averaging $56 per barrel and reaching a mid-year low. Goldman Sachs also reaffirmed its bullish prediction for gold prices, projecting an increase to $4,900 in 2026. The report highlights the dual drivers of rising gold prices: increased demand from global central banks and anticipated interest rate cuts by the U.S. Federal Reserve. Analysts suggest that geopolitical risks and economic uncertainties are prompting emerging market central banks to accelerate gold acquisitions, while potential private investor interest could further elevate gold prices. Goldman Sachs forecasts that global central banks will maintain a monthly gold purchase rate of approximately 70 tons in 2026. Additionally, the report notes that for every 1 basis point increase in private investor allocation, gold prices could rise by about 1.4%.