New Delhi, Dec. 29 -- Gold is expected to remain the standout performer among commodities in 2026, supported by strong central bank demand and rising geopolitical risks, according to Goldman Sachs' latest commodities outlook.

The report stated that Goldman Sachs expects "central bank gold buying to remain strong in 2026, averaging 70 tonnes per month," a level that is "4 times above the 17 tonnes pre-2022 monthly average."

The report added that this trend alone is expected to "contribute about 14pp to our predicted price increase by Dec 26," driven by heightened geopolitical risk perceptions, particularly after "the freezing of Russia's reserves in 2022."

Goldman Sachs also highlights potential upside risks from private investors, noti...