Goldman Sachs has kept gold at the top of its long-term commodity picks, saying the metal's rally still has room to run as demand from investors and central banks strengthens. The investment bank expects gold to touch $4,300 per ounce by December 2026, supported by what it calls a "structural shift" in buying patterns. The forecast is part of the latest Precious Comment note from Goldman Sachs Commodities Research, which describes gold as its "highest-conviction long commodity". The bank said the metal has risen nearly 47 per cent this year, breaking past its earlier trading band of $3,200-3,450 per ounce to trade around $3,937 at the time of writing. In India, prices are close to Rs 1.22 lakh per 10 grams.

Breakout backed by real demand

The breakout from gold's earlier range reflects s

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