Goldman Sachs just released a report, raising the gold price target from $4,300 to $4,900 per ounce, looking at the end of 2026. What signal does this send?

The core reasons are these few:

1️⃣ **ETF Bloodsucking** — Western investors are frantically pouring money into gold ETFs, both institutions and retail investors are bottom-fishing.

2️⃣ **Central banks are hoarding** — Countries like China, Turkey, and Russia are reducing their dependence on the dollar and hoarding gold instead. Goldman Sachs expects central banks to buy 80 tons per year in 2025 and 70 tons per year in 2026.

3️⃣ **The dollar is depreciating** — Weak dollar = Gold attractiveness ⬆️

4️⃣ **Geopolitical + Inflation Concerns** — Global instability has made gold the safest haven asset.

Gold has risen over 55% this year, already breaking $4,000/ounce, and currently hovering around $4,055. Goldman Sachs even suggested that this $4,900 target might be too conservative...

What about Bitcoin? Both are anti-inflation assets that benefit from a weak dollar. But gold is favored by central banks, while Bitcoin is favored by retail investors and tech companies. Sometimes the two rise together, and sometimes they compete for funds. In this bull market, both have a chance.