Business News of Sunday, 25 January 2026Source: reuters.comGoldman Sachs has lifted its end-of-year forecast for gold to $5,400 per ounce to reflect the yellow metal’s growing appeal among private-sector investors. “We assume private sector diversification buyers, whose purchases hedge global policy risks and have driven the upside surprise to our price forecast, don’t liquidate their gold holdings in 2026, effectively lifting the starting point of our price forecast,” the analysts wrote. This week, the metal crossed several key price levels ($4,700 and $4,800), and is now approaching $4,900 an ounce, which is the bank’s previous end-of-year target. Despite the 10% higher price forecast, the bank also warned of potential downside risks, namely a sharp reduction in perceived risks around the long-run path for global monetary policy. On Thursday, spot gold rose by 1% to around $4,885 per ounce, just inches short of its all-time high of $4,887.19 set the day before.

Source: GhanaWeb January 25, 2026 14:57 UTC