**Goldman: Steady as She Goes for Gold into 2026

GS Survey

Good Afternoon. Taking off tomorrow. No Morning Rundown either. So here is the first of several reports to share with you all

• GOLDMAN SACHS CROSS ASSET GOLD SURVEY- Tonight

• JPMORGAN’S 2026OUTLOOK FOR GOLD, SILVER

• PLATINUM AND PALLADIUM

• HARTNETT’S 2026 LOOK AHEAD

Central Banks and Western Investors Compete for Bullion

TL;DR

• Goldman finds gold structurally tight as central banks keep buying at multi-year highs while Western ETF investors return, driving dual demand.