# One year ago today, the gold price stood at US$3,239 per ounce.

*fintech · news · 2026-04-30 · The Motley Fool Australia*

## Key points

- Goldman Sachs forecasts gold will reach about US$5,400 per ounce by end of 2026.
- Goldman Sachs expects 0.50% US Federal Reserve rate cuts in 2024.
- Central bank gold buying is projected to average 60 tonnes monthly in 2026.
- 70% of central banks surveyed expect global gold reserves to rise in coming years.
- Geopolitical developments could drive gold prices higher than current forecasts.

**Companies:** Newmont Corp, Northern Star Resources Ltd, Evolution Mining Ltd
**Countries:** Australia, United States, Iran, Greenland, Venezuela

[Read the full story on The Motley Fool Australia](https://www.fool.com.au/2026/04/30/buying-asx-gold-shares-like-newmont-and-northern-star-heres-goldman-sachs-latest-2026-gold-price-forecast/)

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