Institutional investors are daring to look ahead to 2026. The Goldman Sachs survey with over 900 experts shows where gold and stocks could go.
• Goldman-Sachs survey mid-November 2025
• 36 percent of investors surveyed expect gold prices to reach $5,000 by the end of 2026
• About 5 percent expect the price of gold to fall
Goldman Sachs conducted a survey of more than 900 institutional investors in mid-November 2025, according to CNBC. According to the survey, 36 percent of those surveyed expect the price of gold to rise and to exceed $5,000 per troy ounce by the end of 2026. It also shows that 33 percent would expect a gold price between 4,500 and 5,000 US dollars. Only a little more than 5 percent of the investors surveyed expect the price of gold to fall to between $3,500 and $4,000 by the end of 2026.
Why is the price of gold rising?
According to the Goldman Sachs survey, 38 percent of investors surveyed cited gold purchases by central banks as the main reason for the price rise, while 27 percent highlighted fiscal concerns as the reason.
Gold as an investment in 2026?
According to CNBC, many investors have bet on the precious metal gold in 2025. Gold is considered a safe investment in times of crisis, protection against inflation risks, geopolitical tensions and a weak dollar. In addition to private investors, international central banks have also bought gold, CNBC continued. Gold offers a number of advantages: high liquidity, no risk of default and a neutral status as a minimum reserve. In addition, the ongoing AI boom will also play a decisive role in 2026, as can be seen from an article on Axios.
Blue Line Futures chief strategist Phil Streible expects the gold bull market to last until 2026, according to CNBC. It goes on to say that Stephen Yiu of Blue Whale Capital said he is betting on the world’s largest gold producer Newmont and Carson Block, founder of Muddy Waters Capital, believes Snowline Gold is an attractive company in the sector.
Stocks as an investment in 2026?
According to Axios, 44 percent of experts expect technology, media and telecommunications stocks to perform better in 2026. It goes on to say that investors were more optimistic about these sectors. Conversely, consumer stocks were the least preferred sector by investors.
Greg Calnon, co-head of public investments at Goldman Sachs wealth management, told CNBC that small-cap companies are at the forefront of the AI boom, despite the attention paid to major cloud providers. According to Calnon, many of these small companies could fill niches without having to compete with large AI companies on their turf. Healthcare is also an area that is benefiting from the AI boom, Calnon continued. He also mentions the opportunities for international stocks, to which the market rally has extended in 2025.
Outlook 2026
According to Axios, investors expect the same trends that have already shaped 2025. They expect artificial intelligence to remain dominant and central banks to continue diversifying their holdings amid a global interest rate cutting cycle.
Editorial team finanzen.net
By the way: Goldman Sachs and other US stocks can even be traded on finanzen.net ZERO until 11 p.m. (without order fees, plus spreads). Open a depot now for free and secure a new customer bonus!
Selected leverage products on Goldman Sachs
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the leverage you want and we will show you suitable open-end products on Goldman Sachs
The leverage must be between 2 and 20
Advertising