Goldman Sachs still maintains its forecast that the price of gold will reach $3000.

The January 7th data from Golden Ten News showed that Goldman Sachs maintained its forecast that gold prices would reach $3,000 per ounce in the second quarter of 2026, but expected temporary declines if the uncertainty of US tariffs subsided and market positions normalized. Goldman Sachs' forecast is based on the expectation that the Fed will cut interest rates, the Central Bank will continue to buy gold, and the gradual increase in support for gold ETF holdings. Goldman Sachs stated, 'We believe that the escalation of US policy uncertainty and the hedging needs of central banks and investors pose upward risks to the $3,000 per ounce gold price target.' Goldman Sachs also warned that if the US imposes a 10% tariff on gold, the futures-to-physical (EFP) price spread between New York's COMEX futures and London spot gold prices may widen.