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Gold price will hit $4,900/oz in 2026 on strong sovereign demand as China buys 75% more than reported in July – Goldman Sachs

World Gold brief based on reporting byKitco
Brief

Reported by Kitco: “Gold price will hit $4,900/oz in 2026 on strong sovereign demand as China buys 75% more than reported in July – Goldman Sachs”. Gold settled at $4,318 an ounce on September 23, 2026 — $138.84 per gram, -1.33% on the day. The headline carries a figure: $4,900, 75% — quoted as published, not independently verified. The story touches China: we track local prices and customs flows for those.

Why it matters

The development may change short-term gold-price expectations. Confirmation requires comparing the headline with COMEX, the dollar, yields and trading volume.

Transmission channels
  • COMEX price
  • US Dollar Index
  • US 10Y yield
  • volume and momentum
What to watch next
  • price confirmation
  • trading volume
  • cross-asset reaction
  • official confirmation of $4,900
  • reserve and import data: China
Methodology and transparency

This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.

Read the full report at the original publisherKitco
Data on this topicGold price and reserves in ChinaGold price today by currency