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Goldman Sachs 2026 Outlook: Buy gold to $4,900, sell oil to $50
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Key Takeaways (30s Read)
Goldman Sachs released their 2026 commodities outlook, recommending to 'Buy Gold' to $4,900 and 'Sell Oil' to $50.
2026 Gold and Oil Investment Strategy
Goldman Sachs has unveiled a detailed outlook for the commodities market in 2026. The theme is 'Power Race and Supply Waves', predicting that the US-China AI competition will positively impact metals while the energy market will face significant supply surplus. Notably, they recommend buying gold as their 'favorite long commodity', estimating prices could reach $4,900/oz by the end of 2026, driven by central banks expected to purchase 70 tons monthly. In contrast, the oil market is predicted to average $56 for Brent and $52 for WTI in 2026, with the surplus weighing down prices unless major cuts are made by OPEC+. These scenarios indicate that investors should consider buying gold while selling oil.AI Analyst
AI Opinion
"Goldman Sachs' outlook is particularly optimistic for the gold market. The increasing demand driven by AI competition may push gold prices higher. Conversely, the oil market faces a supply surplus, leading to potential price declines ahead. Investors should consider maintaining long positions in gold while adopting short positions in oil to diversify risk. However, the uncertainties in the energy market due to supply waves warrant a careful trade strategy. Continuous monitoring of market trends and flexibility in adapting to changes will be essential."
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