Goldman Sachs cuts end-2026 and end-2027 gold price forecasts
Goldman Sachs lowered its end-2026 gold price target to $4,150 from $4,650 and its end-2027 target to $4,800 from $5,400 following the Fed's hawkish shift. The bank expects a December rate hike, with potential cuts beginning in late 2027. It forecasts monthly central bank purchases of 60 tonnes, supporting approximately 15% upside by end-2027.