Goldman Sachs has reiterated its bullish outlook on gold, maintaining a price target of $5,400 per ounce by the end of 2026. The investment bank anticipates a significant increase in central bank gold purchases, forecasting an average monthly acquisition of 60 tons by 2026. Recent data shows that central bank gold purchases averaged 50 tons per month in March, surpassing the previous forecast of 29 tons per month, according to Goldman Sachs' updated 12-month moving average forecast.