GOLD MAN SACH The Americans Still Hold Little Gold. Could Be A Chance Of Gold In 2026

👉 Main Overview: Goldman Sachs analyzes that American investors' gold ownership is very low, which could contribute to a further increase in gold prices if private holdings are expanded in the future.

🔹 The price of gold this year.

• Gold in 2025 hits all-time highs around $4,400 / ounce before dropping slightly to around $4,220 / ounce.

🔹 American ownership of gold.

• American investors as a whole hold very little gold in their portfolio.

- Gold-invested ETFs account for only about 0.17% of the U.S. private finance portfolio, much lower than the 2012 peak.

- Despite buzz on gold (e.g. sales of gold, descriptions / coins), the actual demand is still small compared to ETF gold.

🔹 the reason Goldman sees it as "still upside."

Goldman Sachs pointed out:

• At present, there is a very low share of investment in gold - if there is a small proportion of individual or institutional investors, it will drive the price of gold significantly higher.

• Goldman estimates that for every increase of 0.01% of its stake, it will increase the price of gold by about 1.4%.

🔹 future price trends, according to Goldman Sachs.

• Goldman Sachs predicts the price of gold could reach ~ $4,900 / ounce by the end of 2026.

And there is also a "upside risk" if private investment (such as general funds / investors) expands more than only demand from central banks.

🌍 Comments from other sources (supplementary context)

✔ Gold prices are also strong by:

• Fed projections could cut interest rates, weaken "dollars," bolster gold 🎯

• Price trends still above $4,200 / ounce

✔, there is a warning that gold and the American stock market have a bubble because small investors are active, causing severe correction risk.

Brief summary

📈 Goldman Sachs sees

• American investors "hold very little gold" → Still have the potential for price hikes.

• Gold prices may continue to reach a limit of ~ $4,900 in 2026 if more money is invested.