Two notable features of the global commodity market this year are a record rise in gold prices and continued weakness in crude oil prices. Goldman Sachs expects both trends to continue in 2026. Bank analysts such as Daan Struyven and Samantha Dart predicted in a commodity outlook report on December 18 that gold prices will reach new highs next year, while oil prices will be pressured by oversupply. According to the report, the baseline scenario is that the price of gold will rise to 4,900 US dollars per ounce, and there is an upward risk.

Two notable features of the global commodity market this year are a record rise in gold prices and continued weakness in crude oil prices. Goldman Sachs expects both trends to continue in 2026. Bank analysts such as Daan Struyven and Samantha Dart predicted in a commodity outlook report on December 18 that gold prices will reach new highs next year, while oil prices will be pressured by oversupply. According to the report, the baseline scenario is that the price of gold will rise to 4,900 US dollars per ounce, and there is an upward risk.