The latest Bloomberg consensus indicates the "gold price forecast next year" ranges between $2,100–$2,250, with upside potential tied to slowing global economic growth. Institutional inflows into ETFs like GLD are at multi-month highs, reflecting bullish sentiment. On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest. Goldman Sachs Research expects central banks to continue accumulating gold for another three years. Market depth data from the LBMA supports a "gold price forecast next year" with steady demand from industrial users and jewelry markets, limiting downside exposure.