BlockBeats News, May 16th - Goldman Sachs is bullish on gold and has reiterated its end-of-2026 target of $5,400 per ounce. Goldman Sachs expects an increase in central bank gold purchases, projected to reach an average of 60 tons per month by 2026.

Goldman Sachs also stated that its updated 12-month moving average forecast indicates central bank gold purchases of 50 tons per month in March, up from the previous forecast of 29 tons per month.