ANZ and Goldman Sachs have reaffirmed their bullish outlook on gold prices, despite current market disruptions due to Middle East conflicts. Analysts from both institutions highlight strong central bank demand, geopolitical uncertainties, and anticipated Federal Reserve rate cuts as key factors supporting a long-term rebound in gold prices. ANZ projects gold to reach $5,800 by year-end, driven by central bank purchases expected to total 850 tons in 2026. Similarly, Goldman Sachs maintains a $5,400 forecast, emphasizing sustained central bank buying and a potential 50-basis-point Fed rate cut this year. Both institutions suggest that ongoing geopolitical tensions could further bolster gold as a safe-haven asset.