ISLAMABAD: Will gold prices go up or down, the world’s largest trading company has predicted.
The price of gold has suffered its biggest monthly decline in more than a decade, but Goldman Sachs says the price of gold is likely to rise further in the future.
Gold prices fell more than 10 percent in March 2026, the biggest drop since June 2013, but Goldman Sachs is still predicting gold prices will remain at $5,400 an ounce by the end of the year.
As of April 1, gold prices are between $4,567 and $4,769, well below the high of about $5,600 reached in late January. The company says the March price drop has not changed the fundamentals, with investors who were pushing up the price of gold still in the market and not expected to leave.
According to Goldman Sachs experts, investors who buy gold to hedge long-term risks are not selling it. They added that the price of gold is likely to rise further in the future as investors may invest more in gold due to global economic uncertainty.
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