Chef John's Beef Goulash Recipe | Say Mmm

Ingredients

• 2 1/2 pounds boneless beef chuck roast, cut into 2 inch cubes
• salt and ground black pepper to taste
• 2 tablespoons vegetable oil
• 2 onions, chopped
• 2 teaspoons olive oil
• 1/2 teaspoon salt
• 2 tablespoons Hungarian paprika
• 2 teaspoons caraway seeds, crushed
• 1 teaspoon freshly ground black pepper
• 1 teaspoon dried marjoram
• 1/2 teaspoon ground thyme
• 1/2 teaspoon cayenne pepper
• 4 cups chicken broth, divided
• 1/4 cup tomato paste
• 3 cloves garlic, crushed
• 2 tablespoons balsamic vinegar
• 1 teaspoon white sugar
• 1/2 teaspoon salt, or to taste
• 1 bay leaf